• TRM (USD/COP)COP 3,269.88 +0.99% +COP 32.05Colombia's official exchange rate (Financial Superintendence), valid Nov 10 to Nov 10
  • EuroCOP 3,666.85 +1.43% +COP 51.83Reference: TRM crossed with the European Central Bank rate of Nov 10; not the market quote
  • Mexican pesoCOP 176.24 +1.81% +COP 3.13Reference: TRM crossed with the European Central Bank rate of Nov 10; not the market quote

Colombian peso weakens toward 3,300 per dollar after October inflation data

FinanceColombiaPulzoAI summary
Image: Pulzo

The dollar in Colombia opened the November 10 session at 3,274 pesos, 5 pesos above the previous close, with a low near 3,273 and a high of 3,285. The exchange rate rose after DANE reported annual inflation through October at 6.30%, a slight acceleration within analysts' expectations. Investors are also weighing Ecopetrol's US$2 billion eight-year bond placement and signals from the Federal Reserve on rates.

In 35 seconds

  • The dollar opened at 3,274 pesos, 5 pesos above the previous close, with a high of 3,285.
  • Annual inflation through October was 6.30%, a slight acceleration in line with market expectations.
  • Ecopetrol placed US$2 billion in eight-year bonds with a 7.875% coupon and demand 3.5 times the offer.
Read the full story at Pulzo

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

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