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The USD/COP pair fell from a daily high near 3,218 to about 3,210 as the Banco de la República kept its policy rate at 12.25%. Three of seven board members had voted for a 25 basis point hike.
Colombian markets were closed for a holiday, and traders were watching the US midterm elections.
A hawkish central bank supports the peso, which lowers the local cost of dollar-priced feed and soymeal imports. Currency moves of this size have little direct effect on global grain prices.
fxstreet.esVicky FerrerNov 2, 2026Not 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.
