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The US dollar lost more than 5% against the Colombian peso over the month to January 13, falling from COP3,008 to COP2,854. Analysts attributed the move partly to higher oil prices, Colombia's main export.
Higher crude prices improve Colombia's export income and currency, while a weaker dollar makes dollar-priced feed ingredients relatively cheaper in local terms only if the trend holds.
colombiareports.comAdriaan AlsemaJan 13, 2018Not enough comparable past events yet for a historical read.
After 487 past bullish macro events, Crude Oil (WTI) moved a median +1.0% over 5 sessions (60% higher; middle half -2.0% to +4.0%), and +1.5% over 20.
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.
