Dollar falls sharply this Monday, but remains above $4,400

The price of the dollar in Colombia fell this Monday, November 18, at the start of the week, and closed above $4,400.

(Read: Third quarter GDP would grow again despite persistent weaknesses).

Geopolitical tensions between the United States and Russia, after Joe Biden authorized Ukraine to use long-range missiles for its operations in Russian territory, cause uncertainty in the world market.

In Colombia, according to the Stock Exchange, The foreign currency fell 54 pesos, trading at an average price of $4,400. The TRM of the day was $4,454.

(Also: These are the 55 finalists for the 2024 Portafolio Awards).

After having surpassed the maximum price of $4,500 in two days last week, the US currency ended lower due to the prospect that the US Federal Reserve (Fed, central bank) will be less flexible than expected with its interest rates.

PORTFOLIO