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Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
COLOMBIA
- Potential fears that Colombia’s central bank might mirror its Chilean counterpart regarding possible currency intervention appears to have been enough to push COP bears to the sidelines.
- The Colombian peso has risen a substantial 7%, naturally aided by the softer greenback over the past few sessions.
- The swap market has also been impacted. Two-year Colombian IBR swap rates dropped roughly 23 bps since last Friday as traders potentially see the stronger currency as reducing the need for more aggressive BanRep action.
- Data scheduled for today:
- 1600BST/1100ET: May Colombia Trade Balance M/m, est. -$1.3b, prior -$485.4m
- May Imports CIF Total, est. $6.36b, prior $6.39b
- Economic activity rose 16.5% y/y (estimate +18.5%) in May versus revised +11.94% in April, according to the National Administrative Department of Statistics (DANE).
- A reminder from yesterday - Colombia has changed the publishing time for CPI data starting in August: Data to be released at 6am local time.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
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