• TRM (USD/COP)COP 3,301.91 +0.15% +COP 4.84Colombia's official exchange rate (Financial Superintendence), valid Nov 13 to Nov 13
  • EuroCOP 3,649.29 -0.53% -COP 19.38Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote
  • Mexican pesoCOP 177.59 +0.50% +COP 0.89Reference: TRM crossed with the European Central Bank rate of Nov 13; not the market quote

Dollar opens in Colombia above $3,320 after new US inflation data

FinanceColombiaXTB.comAI summary
Image: XTB.com

The dollar in Colombia (USDCOP) opened this Friday at $3,328.29, $26.38 above the TRM of $3,301.91. The session is marked by the release of the US producer price index, which rose 0.3% month-on-month in October, below the expected 0.4%, while annual wholesale inflation went from 6.3% to 6.5%. The market maintains expectations of a 25-basis-point Fed rate hike in December. Ecopetrol reported profits of 4.75 trillion pesos in the third quarter.

In 35 seconds

  • USDCOP opened at $3,328.29, $26.38 above the TRM of $3,301.91.
  • The US PPI rose 0.3% month-on-month in October, below the expected 0.4%, and annual wholesale inflation went from 6.3% to 6.5%.
  • The market maintains expectations of a 25-basis-point Fed hike in December.
Read the full story at XTB.com

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

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