# Peace, economy pose challenges for Colombia’s new president - Stabroek News

> Ivan Duque won Colombia's presidential runoff on June 17 with 54% of the vote, defeating leftist Gustavo Petro, and will take office in August. The peso fell 0.95% to 2,923.05 per dollar on June 18 and the TES bond yield rose to 6.17%, as analysts blamed external factors.

- Date: 2018-06-19 · published 2018-06-19T12:00:00.000Z
- Category: policy · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/64799-peace-economy-pose-challenges-for-colombia-s-new-president-stabroek-news
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

The election outcome is a political event with limited direct effect on feed grain or protein prices; the main market impact is currency volatility affecting Colombian import costs.

## Read by commodity

- USDCOP: bullish ▲

## Sources

- stabroeknews.com: https://www.stabroeknews.com/2018/06/19/news/regional/peace-economy-pose-challenges-for-colombias-new-president/

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