The price of the US Dollar against the Colombian Peso has moved today between a daily low at 3,937.00 and a high not seen for five and a half weeks at 3,962.4
The USD/COP is currently trading above 3,947.85losing 0.04% on the day.
The Colombian Peso falls and approaches the key level of 4,000.00
- The United States reports the creation of 272,000 Non-Agricultural Payrolls in May, strongly exceeding market expectations that expected 185,000 new jobs.
- Annual salaries have grown by 4.1% compared to the previous 4.00% and the expected 3.9%.
- The unemployment rate has risen to 4.00% compared to 3.9% previously. This is the highest rate since January 2022.
- The low tax collection forces the Colombian National Government to freeze resources from the General Budget of the Nation for 2024.
Colombian Peso Daily Chart
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.
