# Colombian peso hits record low on political uncertainty

> The Colombian peso fell below 5,000 per dollar for the first time during Tuesday trading amid local uncertainty over President Petro's economic policies. Investors are weighing a proposed tax reform on coal and crude oil, doubts about an oil contracts ban, and a board shake-up at state oil company Ecopetrol.

- Date: 2022-11-01 · published 2022-11-01T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/38954-colombian-peso-hits-record-low-on-political-uncertainty
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Political risk driving the peso lower raises local currency costs for imported feed inputs in Colombia, while the contrast with stronger Latin American currencies highlights country-specific rather than commodity-driven pressure.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- finance.yahoo.com: https://finance.yahoo.com/news/colombian-peso-hits-record-low-151529148.html

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