# Colombia peso rallies after Duque's strong results in presidential primary

> The Colombian peso strengthened 0.67 percent against the dollar to 2,851 after presidential primary results showed a strong performance by Ivan Duque. Local Treasury bond yields fell to 6.238 percent from 6.278 percent.

- Date: 2018-03-12 · published 2018-03-12T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/66290-colombia-peso-rallies-after-duque-s-strong-results-in-presidential-primary
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

A stronger peso lowers the local-currency cost of imported feed ingredients for Colombian buyers, though the effect on global grain and meal prices is minimal.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/article/us-colombia-election/colombia-legislative-poll-results-could-dent-leftist-petros-presidency-hopes-idUSKCN1GO1AT/

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