INSUBCONTINENT EXCLUSIVE:
The Colombian peso began Monday trading at 4,158 per USD, reflecting slight depreciation from its previous close of 4,134.04
This movement comes despite a rise in oil prices over the weekend, as global dollar strength and investor caution weighed on the
currency.Oil markets saw a boost on Monday morning, with Brent crude climbing to $73 per barrel and WTI trading at $70.50.The increase
followed positive Chinese manufacturing data, which showed the fastest expansion in three months.This signals a potential recovery in energy
While this development bolstered sentiment in oil markets, it failed to provide significant support for the peso, highlighting broader
economic pressures facing Colombia.The US dollar strengthened globally as rising Treasury yields and expectations of continued hawkish
Federal Reserve policies attracted investors
trading volumes ranged between $150 million and $200 million during Asian and European sessions
Analysts identified resistance for USD/COP at 4,170 and support at 4,140, suggesting limited room for sharp movements in either
direction.Colombian Peso Opens at 4,158 Against USD as Oil Prices Rise and Dollar Strengthens
overbought or oversold conditions
ETF flows revealed outflows from Colombian peso-focused funds and inflows into dollar-denominated ETFs totaling $10 million (R$60 million or
$10 million).Colombian Peso Faces Pressure Amid Global UncertaintyThis shift highlighted reduced risk appetite for emerging market assets
upward trend in USD/COP rates
Traders remain cautious ahead of US retail sales data expected later today, which could further strengthen the dollar.Despite rising oil
