FXMarketAlerts Team
FXMarketAlerts
Published at 13:23 (GMT) 28 Apr
COP is starting the day in positive territory up 0.95% to 2389 on broad EM positive sentiment ahead of the FOMC meeting which starts today as traders brace for the possibility of more dovish inclinations particularly following the latest string of disappointing data in the US. In contrast, lower oil futures on expectations global glut will persist as Iran is closer than ever to a nuclear deal with the US is curbing gains for the local tender at the time of this writing. Furthermore, comments by Banrep's governor Jose Dario Uribe that economic growth may slow to 3.0 to 3.6% is further limiting the peso's advance early in the trading session.
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