# Colombia's central bank calm after US dollar hits COP3000 mark - Colombia News

> Colombia's central bank said it is not concerned after the US dollar broke through COP3,000 earlier in the week as investors moved to safe-haven US currency. The peso's decline followed a broader selloff triggered by the Turkish lira's sharp drop and US-China trade tensions. The central bank said it will let the exchange rate float and sees no danger to the economy at present.

- Date: 2018-08-15 · published 2018-08-15T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/63804-colombia-s-central-bank-calm-after-us-dollar-hits-cop3000-mark-colombia-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A weaker peso and stronger dollar make US exports pricier for Colombian buyers and can shift feed import costs in Latin America, while a firm dollar generally pressures US dollar-denominated grain prices.

## Read by commodity

- DXY: bullish ▲
- USDCOP: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2018-01-25 | [Canadian dollar falls from 4-month high after Trump boosts U.S. dollar \| CBC News](https://feedsoft.ai/events/67200-canadian-dollar-falls-from-4-month-high-after-trump-boosts-u-s-dollar-cbc-news.md) | -0.3% | +0.7% |
| DXY | 2024-04-12 | [Dollar jumps on central bank divergence, euro hits five-month low](https://feedsoft.ai/events/9970-dollar-jumps-on-central-bank-divergence-euro-hits-five-month-low.md) | +1.1% | +0.5% |
| DXY | 2023-09-28 | [Strong US Dollar Has Southeast Asia Central Banks Defending FX With New Tools - Bloomberg](https://feedsoft.ai/events/34423-strong-us-dollar-has-southeast-asia-central-banks-defending-fx-with-new-tools.md) | +0.5% | +0.8% |
| DXY | 2025-07-29 | [Euro hits one-month low after reality check on US-EU trade deal, markets await cenbank decisions — TradingView News](https://feedsoft.ai/events/23981-euro-hits-one-month-low-after-reality-check-on-us-eu-trade-deal-markets-await.md) | +0.3% | -0.2% |
| DXY | 2022-01-31 | [Dollar holds near 18-month high ahead of busy central bank week - CNBC TV18](https://feedsoft.ai/events/43323-dollar-holds-near-18-month-high-ahead-of-busy-central-bank-week-cnbc-tv18.md) | -0.8% | -0.7% |

## Sources

- colombiareports.com: https://colombiareports.com/colombias-central-bank-calm-after-us-dollar-hits-cop3000-mark/

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