Dollar opens higher in Colombia, pressured by US inflation and oil
The dollar started the session higher in Colombia. Daniel Londoño Tapia, Country Manager at Global66, notes that September US CPI rose to 3.7% year-on-year and core inflation to 2.6%, both above expectations, raising the probability of a Fed rate hike at its October 27-28 meeting. The currency reached COP 3,214 and closed at COP 3,183.80. Brent held around USD 105 and WTI rose 5.6% during the week.
In 35 seconds
- The dollar reached COP 3,214 and closed the session at COP 3,183.80, below its opening level
- September US CPI rose to 3.7% year-on-year and core inflation to 2.6%, above expectations
- The probability of a Fed hike at the October 27-28 meeting jumped from about 22% to around 50%
IASummary generated by artificial intelligence from a story by El Espectador. It may contain errors: the original source prevails.




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