Forex
Euro Area GDP Surpasses Forecasts Amid Tightening Financial Conditions
The Euro area's GDP grew by 0.6% in Q2 2026, beating forecasts and driven by robust domestic demand and exports.
Headline CPI inflation accelerated to 2.9% in July 2026 from 2.6% in June, increasing expectations for further monetary tightening.
The EUR/COP exchange rate is trading at COL$3,779.61, up 0.93% on the day and near its session high.
Techincal indicators are mixed, with momentum readings showing a strong buy signal from MACD but a sell signal from CCI, while RSI is at 61.68, leaning towards a buy-side bias.