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The Colombian peso hit a post-pandemic low at the start of 2022 after falling about 16% in 2021 despite a rally in oil prices. Analysts expect election-related tensions ahead of the May 29 presidential vote to keep the currency weak.
A weaker peso raises the cost of imported feed ingredients for Colombian buyers, while political risk may keep the currency volatile through the election period.
bloomberg.comGeorge Lei, Andrea JaramilloJan 4, 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.
