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The Colombian peso strengthened about 2.9% against the dollar in early July, trading at 3,212 per USD, helped by higher oil prices and a weaker greenback. Gains followed a loss in April and May tied to fiscal rule adjustments.
A stronger peso reduces import costs for Colombian feed buyers, while oil-driven currency moves signal the broader macro backdrop for regional demand.
focus-economics.comJavierJul 5, 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.
