INSUBCONTINENT EXCLUSIVE:
The USD/COP exchange rate stands at 4,078.30 as of 7:12 AM GMT today, reflecting a significant strengthening of the Colombian peso against
USD/COP pair experience heightened volatility, with the exchange rate fluctuating between 4,125.00 and 4,090.00 before settling at 4,116.58
The Colombian peso showed remarkable resilience despite mixed signals from global commodity markets.Oil prices played a significant role in
trading hours witnessed continued peso strength, with volumes reaching approximately 120-135 million USD equivalent, notably higher than the
80-100 million typically seen
The pair steadily declined overnight, reaching the current level of 4,078.30 as European markets opened.Perfect Storm for Peso Strength:
Colombian Currency Gains Nearly 1% Against USD- March 18, 2025
trading well below both its 50-day moving average of 4,146.50 and the 200-day moving average of 4,264.15
The 14-day RSI has dropped from 63.87 to approximately 58.30, moving away from overbought territory and suggesting room for further peso
data has dampened enthusiasm for the dollar broadly.ETF Flows: Colombian equity ETFs have seen significant inflows of approximately $45
million over the past three trading sessions, indicating renewed international investor interest.Central Bank Policy: Market speculation has
have increased by approximately 15% compared to last week, indicating heightened market interest in the currency pair as Colombia prepares
to release its latest trade balance figures tomorrow.
