Daily Forex Outlook August 9, 2018

stocks and shares

The Colombian peso reached its highest level since early July the previous day, responding to the sharp drop in oil prices and in line with the weakness of its peer currencies. The local exchange rate could trend sideways as emerging market currencies slightly reverse the losses seen at the start of the session, while the dollar remains strong globally. With this, we expect the peso to trade in the 2,900–2,920 range.See more

Subscribe

Receive our analysis in your email to stay up to date. Stay connected with the economic situation and the market.

Posts

March Inflation Expectations

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%).