Dollar rebounded and again surpassed the $4,000 barrier due to the ‘Trump effect’

The price of the dollar in Colombia surpassed the $4,000 barrier on Wednesday, July 17, after a day marked by a strong rebound.

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According to the Stock Exchange, The US currency closed at an average price of $4,011, that is, it rose 34 pesos compared to the Representative Market Rate (TRM) which was $3,977..

In previous sessions, the foreign currency was strengthened in the currency markets by bets that Donald Trump would win a second term in the White House after the assassination attempt this weekend.

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Dollar purchases in the markets are part of the so-called “Trump trade”a strategy that bets that a second term for the former president would lead to a Trade protectionism, high deficits and inflationary pressures that will sink longer-term bonds and steepen the US Treasury yield curve.

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