Colombia's dollar TRM stood at 3,148.02 pesos on October 28, 2026, a drop of 9.92 pesos from the previous day. In early trading the dollar opened around 3,145 pesos, below the official reference, and briefly rose above it in the first minutes of trading. The market was watching the U.S. Federal Reserve's decision on interest rates.
Most analysts surveyed by ANIF expect Banco de la República to raise its interest rate by 25 basis points in October to 12.50%. The survey, conducted between October 13 and 16, shows 13 of the 19 entities consulted (68.4%) anticipate the increase, while six (31.6%) expect it to stay at 12.25%. The backdrop is annual inflation of 6.29% in September, 2.29 points above the upper limit of the 4% target range.
Australia's Melbana Energy confirmed in its quarterly report filed with the Australian Securities Exchange that the 2026 work program for Cuba's Block 9 remains formally suspended until the end of the year, with no outstanding work commitments under the Block 9 PSC. Only care and maintenance activities took place during the quarter. The company is assessing Cuban regulatory changes and the consequences of CUPET's designation as a US-sanctioned entity in June, and Cuban approval is still pending to transfer the 70% stake previously held by Sonangol.
Dutch TTF futures, Europe's gas benchmark, rose above 100 euros per megawatt hour, with gains of more than 4% in the session, levels not seen since December 2022. The increase combines tensions over LNG supply from the Middle East, low storage — European inventories stood at 75% of capacity on October 21 — and the risk that cold weather lifts both European and Asian demand. ACER estimates the Middle East conflict has added between 18,000 and 33,000 million euros to Europe's gas import bill.
Mercuria Energy Group presented Signar Energy, the company that will operate the fuels business and the main assets that belonged to Raízen in Argentina. Signar Energy will manage 892 service stations under the Shell brand, the Dock Sud refinery, the Buenos Aires lubricants plant, the Ezeiza and Aeroparque aviation plants and the Arroyo Seco and Santa Fe logistics terminals. The deal closed in September after regulatory approvals, for US$1.42 billion, and includes a Shell brand license for 15 years, renewable for another 15.
The U.S. dollar set a new record in Cuba's informal exchange market, trading at 850 Cuban pesos (CUP), according to independent outlet El Toque. The 7.5-peso rise follows 843 pesos the previous session and comes after breaking the 800-peso barrier in mid-October. The euro trades at 932 CUP. The Central Bank of Cuba's official rate held steady at 749 CUP per dollar for individuals.
The dollar in Colombia (USDCOP) opened higher on Wednesday at 3,171.02 pesos, a gain of about 21.87 pesos from Tuesday's close, equivalent to 0.69%. The rate sits 23 pesos above the TRM of 3,148.02 and approached 3,175 in early trading, on a day marked by the Federal Reserve's rate decision, with the market expecting rates to be held between 3.75% and 4.00%.
Patacones, the Buenos Aires provincial quasi-currency that circulated in 2001 and 2002, are now offered in the numismatic market for thousands of pesos and, in specific cases, hundreds of dollars. A 100-peso patacón, series A and in AU condition, is listed at USD 350 at the El Griego72 Numismática store. Price depends on condition, series, denomination and printing variants, and published listings do not amount to completed sales.
The daily Euribor rate stood at 3.290% on Wednesday, October 28, 2026, up 0.028 points from the previous day, according to El Mundo. The monthly average for October stands at 3.232%. Over the past seven days the indicator moved from 3.233% on October 19 to the current 3.290%. The Euribor is the rate at which major European banks lend to each other and serves as a reference for products such as variable-rate mortgages.
Europe's benchmark natural gas contract, the Dutch TTF, rose above 100 euros per megawatt hour on Wednesday, a level not seen since December 2022, with a gain of more than 4% on the day. The spike came hours after EU Energy Commissioner Dan Jørgensen warned of "another energy crisis" and a difficult winter. EU gas storage stood at 75% on October 21, below the bloc's target of 90% before November 1.
Banco de la República reported that Colombian households' obligations reached 384.1 trillion pesos at the end of 2025, a 3.2% real annual increase, and estimated household debt at 424 trillion pesos as of March 2026, of which 17% corresponded to entities not supervised by the Financial Superintendency. Amid rising household debt, a legal analysis reviews when a creditor may claim principal, late-payment interest, a penalty clause and damages for the same breach.
The dollar in Colombia began Wednesday's session at an average of COP 3,161, an increase of COP 13 compared with the TRM of COP 3,148.02. The currency opened higher amid expectations for the Federal Reserve's rate decision and inflationary pressures from rising energy prices. Corficolombiana said inflation remains high due to oil prices and could face new pressures from the onset of the El Niño phenomenon.
Garmin reported third-quarter adjusted earnings per share of $2.76, above the $2.39 consensus estimate, and revenue of $1.99 billion, up 12% year over year. Operating income reached a record $612 million and gross margin rose to 63.3%. The company raised its full-year revenue outlook to about $8.15 billion and its adjusted earnings per share guidance to $10.80. Its shares rose 2.99% in premarket trading.
BancoEstado launched a promotion that will raffle 100 prizes among those who use RutPay to pay between October 1 and October 31, 2026. Each valid payment adds one entry, with additional entries for Pasaje QR and transfers. Winners will receive refunds on purchases at participating supermarkets during 2027, of up to $200,000 per month and up to $2,400,000 accumulated over the year, credited to their CuentaRUT. Each participant can win only one prize.
After 24 years in business, Argentine tango shoe brand Comme il Faut will close its store on Rue des Artisans in Buenos Aires on October 30. Its owners, Alicia and Raquel, announced the farewell with a thank-you message and a promotion to clear the last units. The firm exported to Japan, the United States and Europe and in 2022 sold about 15,000 pairs a year. According to Infobae, the closure comes amid falling consumption, higher dollar costs and a lack of competitiveness to export.
Etsy reported third-quarter results above analyst expectations: adjusted earnings per share of $1.00 versus $0.76 expected and revenue of $692.47 million, up 10.9% year over year. Gross merchandise sales grew 8.8% to $2.6 billion and active buyers rose 1% to about 88 million, their first growth in two years. Shares gained 8.54% in premarket trading.
The Central Bank of Venezuela (BCV) said the official dollar rate for Wednesday, October 28, 2026, stands at 888.11 bolívares per dollar, compared with the October 27 report, reflecting a declining movement of the bolívar. The BCV also published rates for other currencies, including the euro at 989.71 bolívares, the yuan at 133.22, the Turkish lira at 17.83 and the Russian ruble at 11.02 bolívares.
The World Bank warned of a sharp increase in food prices in 2026 and 2027, with a combined rise of 18% compared with 2025, driven by armed conflicts and the expected effects of an exceptional El Niño episode. In its commodities markets report, the institution forecasts energy prices will rise 32% this year, pushed by the conflict in the Middle East, and metals to gain 25% in 2026.
Fintual adjusted the portfolios of its funds in its second-half 2026 rebalancing, with changes that began to be implemented on August 3, 2026. The firm says the new portfolios combine optimization algorithms, machine learning and the judgment of its investment team, and that the model is based on macroeconomic scenarios and synthetic returns generated by adversarial neural networks. Among the adjustments, it sold positions in ESGV, KOMP and EPP in Risky Norris and reduced debt funds in Moderate Pitt and Conservative Clooney to buy bonds directly.
The wholesale dollar drops 3 pesos to open at 1,535, its second consecutive decline after seven rising sessions and after hitting a new nominal high on Monday. The retail rate opens at 1,560 at Banco Nación and the blue dollar trades at 1,575. The market is watching the effect of Lula's reelection in Brazil on the real and the BCRA's decision to slow the pace of reserve purchases, with no net purchases on Tuesday. Gross reserves closed at $50.580 billion.
