He Colombian peso advances for the second consecutive day this Thursdayreaching three -day maximums against the US dollar.
He USD/COP The day has begun testing a daily maximum at 4,298.90 but in the last hour a minimum of three days at 4,247.65.
The current price of the US dollar against Colombian peso is 4,280.68, losing 0.40% in what we have been working on.
FOCUS IN THE INFLATION OF COLOMBIA
- Colombia will publish its April inflation figures. The annual consumer price index (CPI) is expected to be 5% compared to 5.09% in March, while for the monthly indicator an advance of 0.5% is expected, slightly below the previous 0.52%.
- Yesterday Wednesday, the Bank of the Republic of Colombia said that the country’s economic activity shows signs of recovery. On the other hand, a Fedesarrollo report showed that the index of uncertainty of Colombian economic policy was moderated in April 299 points, but turned 79 months above 100.
- He Dollar has lost traction After knowing that in the commercial agreement that USA will allegedly announce at 14.00 GMT with the United Kingdom, the application of tariffs is excluded. According to CNN, British products will continue to pay a 10%rate.
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 representing the consumption of families. It is a way of measuring changes in consumption and inflation trends. Readings above what was expected could be interpreted (taking into account the potential impact on monetary policy) as positive for Colombian weight (COP), while lessons less 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.
