• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Colombian peso closes higher again as dollar falls to 3,147 pesos

FinanceColombiaLa FM35 s readAI summary
Image: La FM

The dollar closed lower in Colombia at 3,147 pesos, with 1,667 transactions worth US$1.466 billion in a volatile session. Analysts attribute the move to expectations around the Federal Reserve's interest rate decision, due tomorrow at 1:00 p.m.; XTB estimates a 90% probability that rates stay between 3.75% and 4%. The government raised US$5.2 billion from bond sales to international investors, and Cepal projected 2.4% growth for this year.

In 35 seconds

  • The dollar closed lower at 3,147 pesos, with 1,667 transactions worth US$1.466 billion.
  • The market awaits the Fed's rate decision; XTB sees a 90% probability rates stay between 3.75% and 4%.
  • The government raised US$5.2 billion from bond sales to international investors.
Read the full story at La FM

IASummary generated by artificial intelligence from a story by La FM. It may contain errors: the original source prevails.

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