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The dollar opened at COP$3,220 on Tuesday, COP$38 above the TRM of 3,182. The session high was 3,224 and the average price was 3,223.
The US Dollar Index fell 0.18% to 70.905.
Higher dollar prices raise the cost of imported feed ingredients and other dollar-denominated obligations for Colombian buyers. The weaker global dollar index partly offsets the local move.
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.