# FX Weekly News | Brigard Urrutia

> The Colombian peso traded near COP 4,000 per USD, its weakest level so far, a devaluation of about 18.9% year to date. Prices fluctuated within reasonable ranges during the prior week. The central bank cut its policy rate from 4.25% to 3.75% and launched dollar and peso liquidity auctions and swaps.

- Date: 2020-03-30 · published 2020-03-30T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/54401-fx-weekly-news-brigard-urrutia
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso raises the local cost of imported feed ingredients such as soybean meal and corn. The rate cut and liquidity injections aim to stabilize the currency, but Colombian feed importers still face higher dollar costs.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- bu.com.co: https://www.bu.com.co/en/insights/noticias/fx-weekly-news

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