The Short Version
In short: Your LatAm expat and nomad daily guide for Saturday, August 8. Colombia’s new president used his first hours to promise the abolition of the wealth tax and to re-authorise fracking, and a weak US jobs report pushed the Mexican peso to a five-month high and the Peruvian sol to a four-month high.
Colombia’s opening move. Abelardo De La Espriella says the wealth tax will go, announced a spending-freeze decree and confirmed fracking will be re-authorised. All of it is announced, none of it is law.
The dollar slipped. US payrolls fell 23,000 in July against a consensus of about +80,000, and September rate-hike odds dropped from roughly 57 to 44 percent.
This weekend. Medellín’s Desfile de Silleteros closes the Feria on Sunday afternoon, and Cali opens the 30th Petronio Álvarez the same day.
