Loading…
Capital Economics expects the Colombian peso to outperform other major emerging-market currencies over the next couple of years. The view rests on political risks appearing largely discounted by investors.
The note is an FX markets update for Latin America clients.
A stronger peso over time would reduce the local cost of dollar-denominated feed ingredient imports into Colombia. The forecast is a currency outlook with limited direct effect on global commodity prices.
capitaleconomics.comJonathan PetersenMar 2, 2023Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
