The US Dollar has lost ground against the Colombian Peso this Friday, falling to a four-day low of 4,173.97 from a daily high of 4,203.42.
USD/COP is trading at 4,184.19 at the time of writing, losing 0.10% on the day.
The Colombian peso strengthens despite the good employment data in the United States
- The US generated 254,000 Non-Farm Payrolls in September, a figure much higher than the estimated 140,000. In addition, the August figure has been revised upwards to 159,000 from the expected 142,000. On the other hand, the unemployment rate has fallen to 4.1% from the previous and projected 4.2%. Wage income increased 4% annually compared to 3.9% previously and 3.8% forecast.
- Colombia will publish its inflation data for September on Monday. For the year-on-year Consumer Price Index (CPI), a moderation is expected to 5.83% compared to 6.12% in August.
Source: Fx Street
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