economy and politics

The dollar lost momentum, but closed the day above $3,900 this Wednesday

Dólar

The price of the dollar in Colombia this Wednesday lost the upward momentum it had had in the previous two days, but ended above $3,900.

(Read: What was the reason for the dollar's change in trend and what ended its 18-month bad streak?).

Although it was below that level for much of the session and managed to register a minimum price of $3,863, in the last section of the day it rebounded.

According to the Stock Exchange, The US currency closed at an average price of $3,901, that is, it lost 37 pesos compared to the Representative Market Rate, which was $3,938..

(See: How to profit from a dollar at $3,800 levels).

According to expertsthis Wednesday's fall is due to the fact that market operators foresee cuts in the interest rates of the main central banks.

Gone were investors' fears about the geopolitical conflict after Iran's attack on Israel that had skyrocketed the currency at the beginning of this week.

Dollar

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In other markets, The price of Texas intermediate oil (WTI) opened this Wednesday with a drop of 1.24%, to $84.30 per barrelplacing itself below the psychological barrier of $85.

WTI futures contracts for delivery in May subtracted $1.06 from the close of the previous session.

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