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Colombia's peso closed down 2.61% on Wednesday at 4,921.50 per dollar, its weakest level in six weeks. Analysts linked the drop to a stronger dollar after Fed comments and positive US data, plus investor concern over the government's health reform and fiscal sustainability.
The government also announced a basic income program for extreme-poverty families.
A sharp peso depreciation raises the local cost of imported feed and raises Colombian buyers' import bills. Global feed prices are not directly affected.
kitco.comFeb 15, 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.
