# Colombian peso jumps, Mexican peso dips after c.bank decision | Financial Post

> The Colombian peso jumped 2.17% to 3,855 per dollar on Thursday, its best day since June 2020, helped by higher oil prices and government plans to sign road contracts worth 21.3 trillion pesos. The Bank of Mexico raised its key rate by 25 basis points to 4.5%, and the Mexican peso dipped 0.1%.

- Date: 2021-08-12 · published 2021-08-12T12:00:00.000Z
- Category: macro · region Latin America · magnitude low
- Page: https://feedsoft.ai/events/45824-colombian-peso-jumps-mexican-peso-dips-after-c-bank-decision-financial-post
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [Mexican Peso (MXN per USD)](https://feedsoft.ai/c/USDMXN.md)

## Why it matters

Currency moves in major Latin American feed-importing and exporting economies shift the local-currency cost of imported feed ingredients and can modestly affect regional meat production and demand for feed.

## Read by commodity

- USDCOP: bearish ▼
- USDMXN: neutral

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombian-peso-jumps-mexican-peso-dips-after-c-bank-decision

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