# Colombia's peso falls sharply vs dollar to lowest level in six weeks | Kitco News

> 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.

- Date: 2023-02-15 · published 2023-02-15T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/37626-colombia-and-apos-s-peso-falls-sharply-vs-dollar-to-lowest-level-in-six-weeks
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A sharp peso depreciation raises the local cost of imported feed and raises Colombian buyers' import bills. Global feed prices are not directly affected.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- kitco.com: https://www.kitco.com/news/off-the-wire/2023-02-15/colombiaaposs-peso-falls-sharply-vs-dollar-lowest-level-six-weeks

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.