# US dollar soars in Colombia as Petro's inauguration looms over — MercoPress

> 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.

- Date: 2022-07-12 · published 2022-07-12T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/40786-us-dollar-soars-in-colombia-as-petro-s-inauguration-looms-over-mercopress
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- en.mercopress.com: https://en.mercopress.com/2022/07/12/us-dollar-soars-in-colombia-as-petro-s-inauguration-looms-over

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