Dollar in Colombia started the week with losses waiting for new signals from the Fed

The price of the dollar in the Colombian market started the week lower, waiting for the US Federal Reserve to publish the minutes of its last meeting this Wednesday.

(Read: Iran confirms death of President Ebrahim Raisi in helicopter accident).

According to the Stock Exchange, The foreign currency closed at an average price of $3,822, which represents a drop of 10 pesos compared to the Representative Market Rate (TRM) which was $3,832.

Last week, the US currency lost $56 against the Colombian peso, a trend that continues this Monday, pending new signals from the Fed about the direction of its interest rate.

(See: Analysts raise the expectation of economic growth for Colombia in 2024).

The market believes that the Federal Reserve’s comments will be directed towards increasing interest rate cut expectations.

(Also: Spending ‘squeeze’ would not be enough: new fiscal risks for Colombia).

On the other hand, the news of the death of the Iranian president, Ebrahim Raisí, in a helicopter accident, barely moved the currency market, which indicates that the ‘tempos’ of another geopolitical crisis are contained, for now.

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