Loading…
The US dollar briefly rose above COP3,500 for the first time, trading near COP3,498 by midday, as the peso hit an all-time low. Colombian exports fell 11.6% year on year in August, with declines in mining and energy not offset by agriculture.
Investors also cited Brexit uncertainty and trade war fears.
A record-weak peso raises the cost of imported feed inputs for Colombian producers and can weigh on regional demand. Trade war pressure on Latin American exports adds to the bearish demand backdrop for feed commodities.
colombiareports.comAdriaan AlsemaOct 2, 2019Not 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.
