# Colombia Actively Buys Dollars Ahead of Debt Buyback; Dollar Bonds Tick Higher

> Colombia's Finance Ministry has been buying dollars, with net purchases of over $290mn on Tuesday, ahead of a roughly $4bn buyback of offshore bonds. Public credit director Javier Cuellar signaled more purchases, taking advantage of peso strength that reached a five-year high of COP 3575.4/USD. Colombian dollar bonds rose across the curve.

- Date: 2017-09-20 · published 2017-09-20T12:00:00.000Z
- Category: macro · region Colombia · magnitude low
- Page: https://feedsoft.ai/events/69247-colombia-actively-buys-dollars-ahead-of-debt-buyback-dollar-bonds-tick-higher
- Commodities: [Colombian Peso (COP per USD)](https://feedsoft.ai/c/USDCOP.md)

## Why it matters

Dollar buying and the debt buyback add demand for hard currency and support the peso, which lowers USDCOP. Feed buyers see little direct effect on grain or meal prices.

## Read by commodity

- USDCOP: bearish ▼

## Sources

- bondblox.com: https://bondblox.com/news/colombia-actively-buys-dollars-ahead-of-debt-buyback-dollar-bonds-tick-higher

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