• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Dollar opens higher in Colombia, pressured by US inflation and oil

FinanceColombiaEl Espectador35 s readAI summary
Image: El Espectador

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%
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.

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