After a strong rise in the previous day, the dollar in Colombia lost ground on Wednesday, awaiting the conclusions of the meetings of the United States Federal Reserve and the Bank of the Republic, in the local market.
(You may be interested in: Unemployment in June was 10.3% and completes nine months in double digits).
According to the Stock Exchange, The US currency fell 29 pesos and is trading at an average price of $4,060. Today’s exchange rate is $4,089.
(We also recommend: Fitch Ratings maintains Colombia’s credit rating at BB+ with a stable outlook).
The dollar’s fall on Wednesday occurred as the local market also assimilates the unemployment rate in Colombia, which stood at 10.3% in June.so the figure remains constant in the May data and confirms the gently downward trend that has been maintained since the beginning of the year.
(Also: Telefónica and Millicom agree to explore a combined corporate operation in Colombia).
In June, 2.62 million people were registered as unemployed in Colombia, which is about 23,000 fewer than the previous month. Compared to June 2023, unemployment registered an increase, as the figure was then 9.3%. “which represented an increase of 0.9 percentage points”almost 250,000 more people.
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