Oil Prices
Colombian dollar closes higher ahead of possible Fed rate cut
The Colombian dollar closed on October 28, 2025, up $30.46 at $3,874.66, driven by expectations of a US Federal Reserve interest rate cut. Oil prices fell for the third straight day amid US sanctions on Russian companies and a potential OPEC+ production increase. Global investors are watching the Trump-Xi Jinping meeting scheduled for Thursday in South Korea.
Dollar closes lower in Colombia due to Fed rate cut
The dollar in Colombia closed lower on Wednesday, dropping $15.05, influenced by the U.S. Federal Reserve's rate cut and Jerome Powell's speech. Oil prices also fell, impacted by a potential U.S.-China trade truce. The TRM for today stands at $3,885.29.