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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
- President Gustavo Petro’s approval rating dropped to 46% in October from 56% in August. The percentage of people who think things are worsening increased to 64% from 48%, with rising costs and unemployment among the top concerns. For reference, Petro took office Aug. 7.
- USDCOP looks set to extend its streak of winning days, extending its advance to fresh record highs above 4900. Amid the sell-off in the local market, the President said higher US interest rate are sucking money out of South America, and called on investors to keep their funds in the country.
- - “Don’t send money overseas en masse, because in Colombia there are opportunities,” Petro said Wednesday during a speech in Uraba.
- The peso led emerging market losses on Wednesday, weakening 1.6% and has fallen a further 1.15% today. TES due in 2031 also fell, with the yield rising 32 basis points to 14.40%.
- - The central bank has continued to reiterate that they would not intervene in FX markets, to stem local currency weakness.
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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