He The price of the dollar in Colombia opened this Thursday, December 19 above $4,400, by registering a strong rise after the international markets reacted downwards the previous day, surprised by the prudence of the Federal Reserve, which will drastically reduce the pace of its interest rate cuts.
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According to the Colombian Stock Exchange, The US currency is quoted at an average price of $4,395, That is, it increases 36 pesos compared to the Representative Market Rate (TRM), which is $4,359.
Its opening price, as well as its maximum price on the day, exceed $4,400. The foreign currency opened at $4,401 and reached $4,402.
(See: What should be Colombia’s roadmap with its finances for 2025?).
In the previous session, Wall Street reacted very badly to the FED’s communication that at the end of a two-day meeting of its Monetary Policy Committee (FOMC) not only announced the expected cuts but also reduced expectations of market reductions for 2025. .
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While until now it was foreseeing four reductions in reference rates in 2025, in the end there will be only two. The market reacted and the two-year US Treasury yield rose to 4.34% from 4.24% at the close on Tuesday. In addition, stock indices plummeted.
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