Peso Ends at 3,216 as Producer Prices Rise | Colombia Market Report, Oct 6
Colombia's peso swung between 3,172 and 3,244 per dollar before Wednesday's inflation data. Stocks had a strong Monday, when the COLCAP rose 2.69%. The post Peso Ends at 3,216 as Producer Prices Rise | Colombia Market Report, Oct 6 appeared first on The Rio Times .
On October 6, the Colombian peso finished at an average of 3,215.92, between 3,172 and 3,244 pesos, according to Set-FX data reported by Infobae. The main factor behind the peso's movement was the rise in producer prices, which increased by 2.20% in September compared to August, as reported by the statistics agency DANE. The commodities sector, particularly mining and quarrying, saw a significant jump of 12.21%.
Stocks also performed well, with the COLCAP, the main index of the Colombia Stock Exchange, closing at 2,582.65 points, marking a 2.69% increase. The Chilean benchmark S&P MERVAL also saw a gain of 0.95%. The USD/COP exchange rate started at 3,176 pesos, touched 3,172, and rose to 3,244 before settling at an average of 3,215.92.
Analysts expect consumer price inflation to be reported on Wednesday, which could influence the peso's value.
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