• 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 closed at COP 3,147.40 and trades below its 50-day moving average

FinanceColombiaEl Espectador40 s readAI summary
Image: El Espectador

The dollar closed Tuesday at COP 3,147.40, after falling to COP 3,130 on Monday the 26th and closing at COP 3,145 on Friday the 23rd. Analyst Diego Sogamoso noted the currency trades below its 50-day moving average, near COP 3,173. Among external factors, US consumer confidence rose to 91.7 in October and the Fed decides on rates on October 28. Domestically, the government is selling dollar bonds and Banrep sets its rate on Friday the 30th.

In 40 seconds

  • The dollar closed Tuesday at COP 3,147.40, below its 50-day moving average of around COP 3,173.
  • US consumer confidence rose 7.5 points in October to 91.7, according to the Conference Board.
  • Colombia's government is selling dollar bonds maturing in 2032, 2037 and 2056, with initial rates around 7.35%, 7.90% and 8.45%.
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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