He US dollar resurfaces after three days of losses against the Colombian peso. USD/COP hits a daily high of 4,423.71 today after hitting a daily low of 4,391.57.
The USD/COP is currently trading above 4,402.43, gaining 0.18% daily.
Colombia moderates its trade deficit
- Today Colombia’s trade balance was published, showing a deficit in September of 687.8 million dollars compared to -1,313 million in August.
- USD/COP traders are now awaiting speeches from several Fed members. Federal Reserve Governor Lisa Cook (FOMC voting member in 2024) delivers a speech on economic outlook and policy monetary policy of the United States in the Department of Economics at the University of Virginia in Charlottesville, Virginia. Federal Reserve Governor Michelle Bowman (FOMC voting member in 2024) will deliver a speech on the “agency approach to policymaking” at the Forum Club of the Palm Beaches in West Palm Beach, Florida. Finally, Federal Reserve Bank of Boston President Susan Collins (2024 FOMC non-voting member) delivers a speech and participates in a conversation at an event hosted by the Ford School in Ann Arbor, Michigan.
economic indicator
Trade balance
The trade balance, published by the National Administrative Department of Statistics (DANE)is the difference that exists between the total exports and imports of a country.
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.
