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Wall Street banks expect Fitch to downgrade Colombia's credit rating to junk. The peso dropped about 0.8% to a one-week low against the dollar, and Colombian stocks fell more than 2%.
A junk rating would raise Colombia's borrowing costs and could push capital out of local assets, weakening the peso. A weaker peso makes dollar-priced imports more expensive for Colombian feed buyers.
reuters.comMay 20, 2021Not 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.
