INSUBCONTINENT EXCLUSIVE:
The Colombian peso continued its advance against the US dollar for a second consecutive day, as official exchange data confirmed a close at
4,028.28 on July 2, 2025.The session saw the USD/COP pair trade as low as 3,987, marking a significant appreciation for the peso and
reinforcing the downward momentum that began in the previous session.This move followed a prior close near 4,088, highlighting a persistent
shift in market sentiment
stable, with government officials reiterating their commitment to budget discipline
This stance reassured investors and helped reduce risk premiums.At the same time, commodity prices, particularly oil, held steady, providing
a neutral backdrop for the peso, which often tracks global commodity trends
Technical analysis of the daily chart revealed a clear and sustained downtrend for USD/COP.Colombian Peso Extends Rally as Dollar Faces
(Photo Internet reproduction)The price closed below the 50-day, 100-day, and 200-day simple moving averages, confirming the bearish momentum
The Relative Strength Index (RSI) on the daily chart registered at 31.4, approaching oversold territory but not yet signaling a
reversal.Peso Rallies on Technical Breakdowns and Fiscal ConfidenceThe Moving Average Convergence Divergence (MACD) histogram showed
deepening negative values, with the MACD line well below the signal line, reinforcing the bearish outlook.Bollinger Bands widened as
volatility increased, with the price closing near the lower band, indicating strong selling pressure
No reversal pattern emerged, suggesting the trend could persist.Support levels appeared near 3,987, while resistance clustered at 4,043 and
4,087, based on recent price action and moving average levels
Volume analysis indicated increased trading activity as the peso gained ground, confirming the validity of the move.No significant ETF
inflows or outflows specific to the Colombian peso were reported, but emerging market funds continued to attract net inflows, supporting the
Stable oil prices provided a neutral environment, while signals from the US Federal Reserve about steady interest rates contributed to a
Throughout the session, market makers noted strong demand for the peso as the USD/COP broke below key support levels.The move did not result
from rumors or extraordinary events but reflected a combination of technical breakdowns and steady fundamentals
manipulation or speculative excess
