Loading…
The Colombian peso crossed the 3,000 per dollar level for the first time in 2017, weakening to 3,056. The move came as the US Federal Reserve raised short-term interest rates and oil prices fell.
A weaker peso makes dollar-priced feed imports more expensive for Colombian buyers. The move reflects the combined pressure of Fed tightening and weaker oil prices on emerging-market currencies.
colombiafocus.comMalachi RyanJun 21, 2017Not enough comparable past events yet for a historical read.
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.
