He USD/COP It opened on Monday at 3,807.17 and subsequently rose to a daily high of 3,836.64.
At the time of writing, the US Dollar is trading against the Colombian Peso around 3,818.85, gaining 0.31% on the day.
The Colombian Peso pending trade balance data and the Fed Minutes
- Colombia will publish tomorrow the trade balance data for March, after having a deficit of -762.5M dollars in February.
- The US Federal Reserve Minutes to be released on Wednesday may determine the direction of the pair this week.
- Fedesarrollo published the Financial Opinion Survey, which has pointed out that The Colombian economy is expected to grow 1.4% in 2024, improving on the 1.3% projected a month agos. According to the inflation is expected to reach 5.60% at the end of the year, above the 5.51% projected in April. Finally, the exchange rate of the Dollar with the Colombian Peso is expected to reach 4,000 at the end of 2024.
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.
