The Colombian peso remains one of the best-performing emerging market currencies so far this year (3.49%). However, investors will react to the results of the first round of the presidential elections, which showed no significant surprises compared to previous polls. The more market-friendly candidate garnered more votes than his competitors, limiting the peso's devaluation.
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Government issues decree to limit AFP investment abroad, economic emergency is lifted; later, CPI is published
According to the report presented by the National Administrative Department of Statistics (DANE), the year-on-year variation of the Consumer Price Index (CPI) rose to 5.35% in January, from 5.10% in December. This figure is lower than the market estimate (5.40%) and the estimate by Economic Research of Stocks and Securities (5.45%). The monthly inflation figure was 1.18%. This monthly variation was higher than that of December (0,27%).
The global dollar stabilizes as the market assesses geopolitical risks and local risk premiums
