# Colombia central bank board chief defends foreign exchange policy

> Colombia's peso fell 2.3% to 4,424 per dollar early in the session, a week after hitting record lows against the U.S. currency. The central bank board chief defended the country's foreign exchange policy amid the selloff.

- Date: 2022-07-21 · published 2022-07-21T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/40781-colombia-central-bank-board-chief-defends-foreign-exchange-policy
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso raises the local cost of imported feed ingredients for Colombian buyers and signals tighter import purchasing power, while a firmer dollar generally pressures dollar-denominated grain prices.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/colombia-central-bank-board-chief-defends-foreign-exchange-policy-2022-07-21/

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