# Colombian peso hits lowest in a month on weak oil price | Financial Post

> The Colombian peso fell 1.2% to its lowest in four weeks as weaker crude prices weighed on the oil exporter's currency. Oil dropped after U.S. Democrats criticized a $1 trillion coronavirus aid package proposed by Senate Republicans. Markets also expected a 25-basis-point rate cut from the Colombian central bank later in the week.

- Date: 2020-07-28 · published 2020-07-28T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/52400-colombian-peso-hits-lowest-in-a-month-on-weak-oil-price-financial-post
- Commodities: [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Weaker crude and a softer peso can shift the cost of imported feed inputs and biofuel economics, while stalled US stimulus adds to fears of lower fuel demand.

## Read by commodity

- WTI: bearish ▼
- BRENT: bearish ▼
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| WTI | 2020-04-21 | [Oil-sensitive Mexican, Colombian pesos lead losses in Latam \| Financial Post](https://feedsoft.ai/events/53907-oil-sensitive-mexican-colombian-pesos-lead-losses-in-latam-financial-post.md) | -32.4% | +73.9% |
| WTI | 2020-07-23 | [Latam FX weakens, Brazil's real comes off one-month high \| Financial Post](https://feedsoft.ai/events/52312-latam-fx-weakens-brazil-s-real-comes-off-one-month-high-financial-post.md) | -1.7% | +2.5% |
| WTI | 2022-03-25 | [Thai baht, Asian FX gain as oil prices come off the boil \| Financial Post](https://feedsoft.ai/events/42509-thai-baht-asian-fx-gain-as-oil-prices-come-off-the-boil-financial-post.md) | -11.6% | -9.7% |
| WTI | 2016-12-23 | [C$ hits a 5-week low on soft data, lower oil prices](https://feedsoft.ai/events/73697-c-hits-a-5-week-low-on-soft-data-lower-oil-prices.md) | +2.8% | +0.7% |
| WTI | 2018-11-15 | [What happened to oil? Why crude prices plummeted 25% in 5 weeks \| Financial Post](https://feedsoft.ai/events/10783-what-happened-to-oil-why-crude-prices-plummeted-25-in-5-weeks-financial-post.md) | -3.0% | -6.3% |
| BRENT | 2018-11-15 | [What happened to oil? Why crude prices plummeted 25% in 5 weeks \| Financial Post](https://feedsoft.ai/events/10783-what-happened-to-oil-why-crude-prices-plummeted-25-in-5-weeks-financial-post.md) | -4.5% | -8.3% |
| BRENT | 2022-03-15 | [Colombian peso leads global oil losses: Andes FX - Infobae](https://feedsoft.ai/events/42561-colombian-peso-leads-global-oil-losses-andes-fx-infobae.md) | +9.5% | -9.6% |
| BRENT | 2020-02-27 | [Oil prices dive to lowest in over a year on coronavirus fears \| Reuters](https://feedsoft.ai/events/7109-oil-prices-dive-to-lowest-in-over-a-year-on-coronavirus-fears-reuters.md) | -5.0% | -51.1% |

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/colombian-peso-hits-lowest-in-a-month-on-weak-oil-price

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