The Colombian peso has shown resilience, gaining support from a 3.8% year-over-year increase in October exports, highlighting a boost in the country's foreign trade.
Recent strength in the Colombian peso is aided by a weakened U.S. dollar. However, concerns linger regarding U.S. trade policy and its potential impact on Colombian exports.
Despite setbacks from declining oil prices, which limit potential gains, Colombia's manufacturing sector and agricultural exports continue to underpin positive market sentiment.
The upcoming U.S. Non-Farm Payroll (NFP) data is critical; strong job creation could bolster the dollar and apply pressure on the Colombian peso.
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