Costa Rican colon weakens nearly 7% in a week; dollar at multi-month high

The US dollar strengthened sharply against the Costa Rican colon, rising nearly ¢7 in a week to its highest level in months, following a historic low on September 17. The move suggests a reversal of prior colon strength, possibly driven by market dynamics or central bank intervention. This matters for Costa Rica's import costs, inflation, and external balances.