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The peso weakened to 3,245 per dollar in early Tuesday trade after the central bank said it will buy $2 billion from the Treasury before year-end. The purchase supplements the bank's reserve accumulation program.
The Treasury had recently raised $5.2 billion in global bonds.
The central bank's dollar purchases reduce dollar supply in the local market, which pushes the peso weaker and raises import costs for Colombian feed buyers.
Not 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.