USD/COP Breaks to Seven-Year Lows as Peso Shrugs Off Headwinds
The Colombian peso strengthened despite three negative domestic developments in three weeks, pushing USD/COP to its lowest since 2019.
USDCOP
USD/COP closed at 3,091.9 on Tuesday, down 1.27% and below the 3,101.9 support floor. That marks the pair’s lowest level since 2019.
The move came after three separate Colombian negatives landed in three weeks, but the currency ignored all of them and kept appreciating.
Source: FXStreet Forex News