Dollar in Colombia is trading with a strong rise despite the fact that it operates under the Next Day quote

The dollar in Colombia rose sharply this Wednesday in the local market, despite the fact that the US stock markets did not operate due to the holiday that commemorates the emancipation of black slaves of the Civil War in 1865.

(Read: Pension reform: Government would present a project to adjust articles in the final text).

For this reason, The dollar operations that were carried out in Colombia on Wednesday, June 19, were carried out under Next Day negotiationsa mechanism that allows the purchase and sale quotes of dollars to be made with a fulfillment period of one or two days, which means that if an operator carried out an operation this Wednesday, he will receive the transaction on Thursday or Friday depending on the characteristics of the negotiation.

(See: ‘Primatón’: merchants launch a new day of discounts to reactivate sales).

This way, The dollar in Colombia rose 59 pesos, trading at an average price of $4,160compared to the Representative Market Rate (TRM) which was $4,101.

(Also: Colombia implements a new special permit for Venezuelan migrants).

This week, traders are awaiting May retail sales figures and U.S. home sales and construction data. In addition, the market is also focused on economic data from China, which generated mixed feelings among investors, as its retail sales exceeded expectations but industrial production figures and investment in fixed assets disappointed experts.

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