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USDCOP Rises To Highest Level Since July 2, Amidst Slide In Oil Prices

COLOMBIA
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  • USDCOP has risen to its highest level since July 02 today, amidst a 3.7% slide in WTI crude and risk-off theme following the much weaker-than-expected July US employment report. USDCOP is currently up 0.84% at the time of writing at 4122, albeit off its earlier high of 4136.5.
  • Later today, BanRep staff will publish the central bank’s quarterly inflation report at 2300BST(1800ET), which will include new estimates on inflation and economic growth.
  • Next week, the BanRep minutes will be published on Monday, where attention will be on any discussions among the Directors about the potential of changing the pace of policy easing.
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  • USDCOP has risen to its highest level since July 02 today, amidst a 3.7% slide in WTI crude and risk-off theme following the much weaker-than-expected July US employment report. USDCOP is currently up 0.84% at the time of writing at 4122, albeit off its earlier high of 4136.5.
  • Later today, BanRep staff will publish the central bank’s quarterly inflation report at 2300BST(1800ET), which will include new estimates on inflation and economic growth.
  • Next week, the BanRep minutes will be published on Monday, where attention will be on any discussions among the Directors about the potential of changing the pace of policy easing.