The USD/COP rose this Monday to a daily ceiling of 3,878.25 driven by the appreciation of the US dollar after the good retail sales data from the United States. Previously, the Dollar had fallen against the Colombian Peso to a daily low of 3,836.30.
At the time of writing, USD/COP has given ground and is trading above 3,846.20, losing 0.30% daily.
The Colombian peso pending data on industrial production and retail sales in Colombia
- Today Monday April 15, Colombia will publish its industrial production and retail sales data for February after both figures registered falls in January.
- US Retail Sales released today showed a rise of 0.7% month-on-month in March, above the 0.3% expected. Excluding vehicles, the indicator is up 1.1%, its biggest increase since January 2023.
economic indicator
Retail sales (YoY)
Retail sales published by the National Administrative Department of Statistics (DANE) measures the total revenue of retail stores. Monthly changes reflect the speed of changes in those sales. Changes in retail sales are widely followed as an indicator of consumer spending. Generally speaking, a high reading is seen as positive, or bullish for the Colombian peso, while a low reading is seen as negative or pessimistic.
Why is it important for operators?
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.
