The price of the US dollar advances against the Colombian peso for the second consecutive day.
He USD/COP reached a two-day high of $4,358 this Friday after previously testing a daily low at 4,323.
At the time of writing, USD/COP is trading above 4,337.28, gaining 0.19% on the day.
Colombia’s inflation rose more than expected in December; The NFP surprises by generating almost 100,000 more jobs than expected
- US Non-Farm Payrolls increased by 256,000 in December, notably exceeding the 160,000 expected by the market. The unemployment rate has fallen to 4.1% from the previous and projected 4.2%.
- Late on Thursday, Colombia published its inflation data for December. The Consumer Price Index (CPI) rose to 5.25% annually from 5.2% previously, worsening expectations of a moderation to 5.16%. On a monthly basis, the CPI advanced 0.46%, above the previous 0.27% and the expected 0.41%.
economic indicator
Consumer Price Index (YoY)
The Consumer Price Index (CPI) is published by the National Administrative Department of Statistics (DANE) of Colombia, measures the variation in the price of goods and services representative of family consumption. It is a way to measure changes in consumption and inflation trends. Readings above expectations could be interpreted (taking into account the potential impact on monetary policy) as positive for the Colombian peso (COP), while readings lower than expected as negative for the Colombian currency.
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Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
