# Colombia's peso hits all-time low: US dollar breaks through COP3500 mark - Colombia News

> 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.

- Date: 2019-10-02 · published 2019-10-02T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/56848-colombia-s-peso-hits-all-time-low-us-dollar-breaks-through-cop3500-mark
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

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.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- colombiareports.com: https://colombiareports.com/colombias-peso-hits-all-time-low-us-dollar-breaks-through-cop3500-mark/

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