Free Trial

Labour Unions Call For Further Nationwide Protests

COLOMBIA
  • The protests surrounding the tax reform continue to weigh on the Colombian Peso with USDCOP reaching a high of 3841.67 and remaining softer by 0.14% on the session. Greater pressure felt in IBR swap rates with the curve bear steeper and long end swap rates rising by around 18 basis points.
  • Despite the withdrawal of the unpopular tax bill and senior finance ministry resignations Colombia labour unions and protest organizers are calling for further nationwide demonstrations.
    • Colombian President Ivan Duque said on Tuesday the government is ready for national dialogue after days of protests led to over 20 deaths and international concern about excessive use of force by police.
    • Colombia's Foreign Minister Claudia Blum plans meetings with foreign diplomats to discuss government handling of nationwide protests.
  • At 3pm local time: Colombia central bank governor presents quarterly inflation report.

To read the full story

Close

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.