He Registo Colombian peso its ninth consecutive earnings against the US dollarbacked Monday for the weakening of the USD after the reduction of the credit rating to the US that Moody’s announced late Friday.
The USD/Cop has opened Monday by testing a daily maximum of 4,214.36, but has given ground just before the American opening, when it has fallen to a minimum of the day by 4,166.02.
The fall of the torque has placed it a short distance from the minimum of six and a half weeks tested last Thursday, May 15 at 4,161.34.
At the time of writing, the USD/COP quotes about 4,169.13, losing 0.40% daily.
The reduction of the United States Credit Qualification by Moody’s causes the fall of the dollar against Colombian peso
- On Friday at the last minute, the Moody’s qualification agency announced that the credit assessment of the sovereign debt of the United States of the maximum AAA1 score was reduced. The company justified this decision for the increase in public debt and the payment of interests significantly higher than other countries. The news has caused this Monday to devalue itself in front of its counterparts.
- Colombia will publish in an hour the trade balance of the country for March. In February, the balance deficit was $ 1,241 million.
- Thursday, the Gross Domestic Product (GDP) showed that the Colombian economy grew at a higher rate than expected in the first quarter of the year. GDP grew 2.7% between January and March, exceeding 2.3% of the fourth quarter of 2024 and the 2.5% expected by the market.
Economic indicator
Commercial balance
The commercial balance, published by the National Administrative Department of Statistics (DANE)is the difference that exists between the total exports and imports of a country.
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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.
