INSUBCONTINENT EXCLUSIVE:
close.After opening the session at 4,114.33 COP per USD, the peso faced mild pressure during the day, influenced by global and domestic
Trading volumes remained moderate as investors awaited key economic data from Colombia and the United States.Market participants noted that
significant push for the peso
Technical analysis revealed that the exchange rate tested support at 4,100 COP per USD.However, it failed to break lower due to limited
Resistance remained firm at 4,150 COP per USD, a level traders closely monitored for signs of further depreciation.Colombian Peso Holds
Ground as Markets Eye Fiscal Policy and Oil Stability
(Photo Internet reproduction)Analysts highlighted mixed signals from moving averages and neutral readings from the Relative Strength Index
in the market but lacked confirmation
Resilience Despite ChallengesDespite these challenges, no significant inflows or outflows were reported in Colombian peso-related ETFs,
currencies also held steady against the dollar
Medium-term projections suggest a gradual weakening toward 4,250 COP per USD by the end of Q1 2025 as global risk factors persist.Investors
will closely watch developments in US monetary policy and Colombian fiscal reforms for further direction in the coming weeks.
