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Price of the Dollar in Colombia today, Wednesday, May 15: The Colombian Peso reaches new one-month highs after the US CPI.

The USD/COP falls for the second consecutive day. The US Dollar has fallen to new one-month lows today against the Colombian Peso around 3,827.56. Previously, the pair had hit a daily high at 3,853.50.

USD/COP is trading at 3,843.20 at the time of writing, losing 0.22% on the day

Colombia pending its growth data for the first quarter of the year

  • Colombia publishes today at 4:00 p.m. GMT the Gross Domestic Product (GDP) data for the first quarter of the year. Growth of 0.7% is expected after increasing 0.3% in the last third of 2023.
  • Today the US published its Consumer Price Index, which grew 0.3% in the monthly reading for April after increasing 0.4% in March. The figure is below the 0.4% estimated by the market. Annual inflation stood at 3.4%, in line with expectations, one tenth below the 3.5% of the previous month. The annual core CPI has reduced two tenths to 3.6% from the previous 3.8%, as expected. This is the lowest level recorded by the indicator in three years.

Source: Fx Street

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