Colombian Peso Weakens as Dollar Trades Above TRM; Oil Slips on Saudi Price Cuts

The Colombian peso opened sharply weaker, with the dollar trading at 33.78 pesos above the day's TRM of 3,209.78, signaling continued depreciation pressure. Oil prices fell amid increased Middle East exports and Saudi price cuts, adding to external headwinds for the peso. The move reflects broader commodity and EM currency dynamics, though the magnitude of the peso's slide suggests local factors may also be at play.