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Risk-Off, Oil Slump Extend COP Weakness, USDCOP Breaks Year Highs

COLOMBIA
  • With Brent crude dropping below $75 for the first time since late September amid dampened sentiment in global markets – USDCOP has risen to its best levels this year.
  • Rising above 4000, this represents the highest level since April 2020 for the pair and now targets the pandemic and all-time-highs just above 4100.

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