He Colombian peso depreciated on Tuesday after two consecutive days of profitsfalling to a minimum of two days after reaching its highest level yesterday in a week.
He USD/COP The day has begun today testing a daily minimum in 4,275 and then climbing a maximum of two days at 4,350.78.
At the time of writing, the US dollar is quoted in front of the Colombian peso about 4,336.75, winning 0.63% daily.
Colombia’s industrial production disappoints in February
- Today the data of Industrial production of Colombia, showing a 1.2% annual drop in February After climbing 1.9% in January. The figure disappoints market expectations, since an increase of 0.8%was expected. The weak data weighs on the Colombian weight.
- The Retail sales grew by 7.5% year -on -year in Colombia last Februarybelow the increase of 10.2% previous and the estimated 7.7% rise. Although it has worsened forecasts, this is the ninth consecutive month of increases for the indicator.
- Donald Trump announced yesterday that he could temporarily pause tariffs to the automobile sector, although on the other hand he warned that tariffs would be announced to the pharmaceutical sector. The nervousness of the market around the US War of Tariffs continues.
Economic indicator
Retail sales (yoy)
Retail sales published by the National Administrative Department of Statistics (DANE) Measure the total income of retail stores. Monthly changes reflect the speed of changes in these sales. Changes in retail sales are widely followed as an consumer spending indicator. In general terms, a high reading is seen as positive, or bullish for Colombian weight, while a low reading is seen as negative or pessimistic.
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Last publication:
Mar ABR 15, 2025 15:00
Frequency:
Monthly
Current:
7.5%
Dear:
7.7%
Previous:
10.2%
Why is it important for operators?
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
