US Dollar Shows Mixed Performance Across Americas on August 10

The US dollar opened August 10 with varying performance across several North and Central American currencies. In Colombia, the dollar started the day at 3,148 pesos, a decrease of 1.01 percent from the previous close of 3,180 pesos. The Colombian peso has seen significant appreciation over the last year, falling from approximately 4,030 pesos to its current level. Analysts attribute this trend to the Banco de la República maintaining interest rates at 12 percent and announcing a reserve accumulation program of up to 4 billion dollars over two years. Additionally, a drop in Brent crude oil prices to 79.36 dollars per barrel has influenced the Colombian market, as oil is the country's primary export.

In Mexico, the US dollar opened at an average of 17.15 pesos, reflecting a slight increase of 0.09 percent from the previous close of 17.13 pesos. Despite this daily rise, the dollar has decreased by 1.1 percent over the last week and 8.1 percent year over year. Projections for 2026 suggest the exchange rate could range between 19.30 and 20.50 pesos, influenced by nearshoring investments and the 2026 World Cup. In Canada, the US dollar opened at 1.4 Canadian dollars, a 0.03 percent increase from the previous close of 1.39. In Guatemala, the dollar opened at 7.62 quetzales, representing a minor decrease of 0.06 percent.