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The Central Bank of Colombia's board decided on May 31 to suspend its reserves accumulation programme, which began in October 2018. The bank will assess the programme's impact on foreign exchange market behaviour over the summer and may resume purchases in late 2019.
Halting dollar reserve purchases removes a source of dollar demand, which could ease peso weakness and marginally support the currency for Colombian feed import costs.
centralbanking.comVictor Mendez-BarreiraJun 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.
