# Colombia's peso sinks to record low amid unrest and economic uncertainty - Colombia News

> Colombia's peso hit a record low against the dollar, with the USD/COP rate breaking through 3,500 for the first time and peaking at 3,524. The move follows ongoing anti-government protests and uncertainty over the 2018 tax reform, which may be voided on December 31, and whether Congress will pass the government's Growth Law.

- Date: 2019-11-28 · published 2019-11-28T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/56345-colombia-s-peso-sinks-to-record-low-amid-unrest-and-economic-uncertainty
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A weaker peso raises the local-currency cost of imported feed inputs for Colombian buyers and can squeeze import demand for corn, soymeal and other feed ingredients, while it has little direct effect on world grain prices.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- colombiareports.com: https://colombiareports.com/colombias-peso-sinks-to-record-low-over-unrest-and-economic-uncertainty/

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