economy and politics

Dollar cut gains and trades below $4,700 this Friday

The dollar fell at the beginning of the week and traded at less than $4,800

The price of the dollar in Colombia rises slightly this Friday and is trading below $4,700 despite the fact that at the beginning of the day it had broken this level upwards.

(Dollar down, is it better to buy or wait for more falls?).

The US currency is trading at this time (12:20 pm) at an average price of $4,697, that is, it gains 5 pesos against the TRM, which is $4,692.

The maximum trading price during the day is $4,725 and the minimum is $4,680.

Although trading above $4,700 for much of the session, the foreign currency pared its gains.

Since last January 6, the foreign currency has lost more than $280.

(Markets are optimistic about lower inflation in the United States).

For the financial analyst Diego Rodríguez, after the dollar broke the floor of $4,700 and with the inflation data from the US, it is likely that the currency could correct more, that is, record new lows.

According to foreign exchange experts, it is an ideal moment not only to buy dollars but also other currencies that have been recovering, such as the euro, and which allows diversifying risks.

BRIEFCASE

Source link