The price of the dollar in Colombia gives ground this Thursday, October 7, one day after the election of Donald Trump as the new president of the United States was confirmed.
(See: What is at stake for Colombia with Trump’s arrival to power).
According to the Colombian Stock Exchange, the foreign currency lost 70 pesos on the day and was trading below $4,400, levels it had not reached since last October.
The US currency is trading at an average price of $4,360, while the TRM is $4,430.
(Read: Economy would be moving more due to consumption than reactivation).
For its part, in other markets, The New York Stock Exchange opened higher on Thursday, with investors digesting Wednesday’s Wall Street records following the election of Donald Trump as president.although his attention now turns to the Federal Reserve.
In the first exchanges, the Dow Jones gained 0.16%, the technological Nasdaq 0.60% and the S&P 500 0.35%.
(Also: What do large corporations look for in startups?).
In addition, The market is awaiting new decisions from the FED, which this Thursday afternoon will announce whether it will cut its reference interest rates again..
The market expects a cut of a quarter of a percentage point.
PORTFOLIO
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