• TRM (USD/COP)COP 3,297.07 +0.83% +COP 27.19Colombia's official exchange rate (Financial Superintendence), valid Nov 11 to Nov 12
  • EuroCOP 3,668.67 +0.05% +COP 1.82Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote
  • Mexican pesoCOP 176.70 +0.26% +COP 0.46Reference: TRM crossed with the European Central Bank rate of Nov 11; not the market quote

Colombian dollar hit highs of COP 3,309.99 after US inflation data

FinanceColombiaEl ColombianoAI summary
Image: El Colombiano

The dollar in Colombia rose on Tuesday and reached a high of COP 3,309.99 after US inflation came in above expectations (0.4% monthly versus a forecast 0.3%). The currency gained COP 27.45 against the TRM, in a session marked by expectations that the Fed could raise interest rates more aggressively. On Wednesday the currency opened at COP 3,292, below the TRM of COP 3,297.07.

In 30 seconds

  • The dollar reached a high of COP 3,309.99 and gained COP 27.45 against the TRM.
  • US monthly inflation was 0.4%, above the expected 0.3%.
  • The market expects the Fed could raise interest rates more aggressively.
Read the full story at El Colombiano

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

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