Colombian peso: dollar opened the week with a slight rise after Lula's win in Brazil
The dollar opened the week with a slight rise versus Friday's close, when it ended near COP 3,145 after falling almost COP 13 in the spot market between Monday, October 19, and Friday, October 23. Luiz Inácio Lula da Silva's victory in Brazil with 51.8% of the vote surprised investors positioned for a Flávio Bolsonaro win. Domestically, the government is selling dollar bonds maturing in 2032, 2037 and 2056, and the market awaits decisions from the Fed and Banco de la República.
In 45 seconds
- The dollar closed on Friday, October 23, near COP 3,145 after falling almost COP 13 in the spot market during the week; the TRM rose COP 14.55.
- Lula won Brazil's runoff with 51.8% against 48.2% for Flávio Bolsonaro, a result investors were not positioned for.
- The government is issuing dollar bonds for the first time since January, maturing in 2032, 2037 and 2056 with initial rates near 7.35%, 7.9% and 8.45%.
Read the full story at El Espectador
IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.
Comments
Be respectful. Comments reported by several people are hidden until a moderator reviews them.
You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.