Dollar opens higher in Colombia as 2027 budget, Fed and oil weigh on the currency

FinanceColombiaEl EspectadorOct 22, 2026, 8:55 AM40 s readAI summary

The dollar started the October 22 session higher in Colombia, pressured by local and international factors. Domestically, the 2027 General Budget, which will take effect with the text approved in the first debate for COP 634.9 billion, and the central bank's upcoming rate decision are weighing. Abroad, September inflation in the United States, which rose to 3.7% annually, expectations around the Fed and oil prices are factors. The session's high was COP 3,202.

In 40 seconds

The dollar opened higher and hit a high of COP 3,202 on Wednesday.
The government will decree the 2027 budget for COP 634.9 billion with the first-debate text, after the House and Senate failed to reconcile their versions.
US September inflation rose to 3.7% annually, raising the probability of a Fed rate hike at its October 27-28 meeting.

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.

dólar
peso colombiano
presupuesto 2027
Banco de la República
Fed

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Dollar opens higher in Colombia as 2027 budget, Fed and oil weigh on the currency

In 40 seconds

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Keep reading

Bogotá Ciudad Aeropuerto seeks to link El Dorado with the Metro and Regiotram

IMF backs economic rescue bill as Banco de la República calls for rigor in its review

Parks and attractions in Colombia generated US$1.095 billion in 2024, according to IAAPA

President requests urgent congressional passage of fiscal adjustment bill