The dollar in the Colombian market changed its course this Thursday and returned to gains after registering losses the previous day, which slowed down its bullish momentum that it had had since the beginning of the week.
(Read: Dollar lost momentum, but closed the day above $3,900 this Wednesday).
According to the Colombian Stock Exchange, The US currency rose 16 pesos this Thursday and was trading at an average price of $3,917. The Representative Market Rate is $3,901.
(See: What was the reason for the dollar's change in trend and what ended its 18-month bad streak?).
Despite the rise, the foreign currency had started with losses because market operators anticipated cuts in interest rates from the main central banks.
However, the United States Federal Reserve (Fed) wrote in its Beige Book that inflation will remain stable without major changes in the future, which reinforces the forecast that the rate cut will take longer than expected, a situation that generated the change in direction of the dollar.
Furthermore, in the United States it was learned this Thursday that new unemployment claims remained practically unchanged at 212,000 during the past week, according to data from the Department of Labor.
(Also: How to profit from a dollar at $3,800 levels).
Against this backdrop, world markets are in a process of normalization.
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