The Colombian peso dollar closed lower on December 24, 2025, at $3,706.74 after a $52.74 drop from the TRM of $3,759.48. Oil prices edged up slightly, with Brent at US$62.50 and WTI at US$58.50 per barrel. This movement aligns with market bets on Federal Reserve rate cuts and geopolitical risks affecting oil supply.
On December 24, 2025, the dollar against the Colombian peso marked its third straight day of declines, closing at $3,706.74, a drop of $52.74 from the day's Representative Market Rate (TRM) of $3,759.48. In the session, it hit a low of $3,690.00 and a high of $3,740.00, across 873 trades totaling US$1.154 million. This extends the dollar's annual losses to 8.4%, its steepest drop since 2017, amid a global weakening against major currency pairs.
Markets link this to bets on at least two Federal Reserve rate cuts in 2026, fueled by robust U.S. economic growth. The U.S. economy expanded at its fastest pace in two years in the third quarter, driven by consumer spending and export rebounds. Ipek Ozkardeskaya of Swissquote noted: “The last sessions suggest Santa might still come,” but cautioned that “reality could be harsh” for tech sectors in the upcoming earnings season.
Juan Pablo Vieira, CEO of JP Tactical Trading, attributed it to no specific local triggers but a worldwide trend: “The dollar is really falling everywhere against major currency pairs.” U.S. Treasury bonds held steady, with the 10-year yield at 4.16%.
Meanwhile, oil prices rose for a sixth consecutive day, with Brent futures up US$0.15 (0.2%) to US$62.50 per barrel, and West Texas Intermediate (WTI) gaining 0.3% to US$58.50. This builds a roughly 6% recovery since December 16, after near-five-year lows, bolstered by geopolitical strains including the U.S. blockade on Venezuela and Russia-Ukraine strikes on energy infrastructure. Tony Sycamore of IG observed: “What we've seen over the past week is a mix of position squaring in weak markets, along with rising geopolitical tensions.” Yet Soojin Kim of Mufg pointed out that despite supply risks, crude heads for its biggest annual slump since 2020, with Brent down about 16% and WTI 18%, as supply outpaces demand.
