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The Colombian peso hit a historic low on July 11, trading at 4,513 per dollar at the close after falling about 18% in a month. The fall is tied to uncertainty ahead of Gustavo Petro's August 7 inauguration and the global dollar rally.
A record-weak peso lifts the cost of imported feed ingredients for Colombian buyers, while the dollar strength reflects broader risk-off sentiment across commodities.
en.mercopress.comJul 12, 2022Not 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.
