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The US dollar rose sharply against the Colombian peso, reaching about COP3,398 on Friday and lost 15% of its value over the past month for the peso. Local analysts expect inflation data from DANE, with Citi forecasting 3.3% year-on-year, up 0.2 points from 2018.
A weaker peso raises the cost of imported inputs and goods, which is a macro currency driver rather than a direct feed commodity move; for feed buyers it signals pressure on Colombian importers of feed ingredients priced in dollars.
colombiareports.comAdriaan AlsemaJun 4, 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.
