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Colombia's peso rose 0.7% on Friday, breaking a seven-day losing streak, after the central bank raised its benchmark rate 100 basis points to 6%. The IMF approved a $9.8 billion Flexible Credit Line for Colombia, though it warned of inflation and risk-premia vulnerabilities.
Russia's rouble also hit a two-year peak against the dollar.
Currency moves in emerging Latin American economies affect the local cost of imported feed ingredients and the purchasing power of Colombian feed buyers. A firmer peso modestly eases import costs for feed inputs.
financialpost.comReutersApr 29, 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.
