Dollar registers slight decline but is still above $4,400

This Friday, September 2, the dollar starts the day with a slight drop but is still positioned above 4,400 pesos.

At 8:56 am the foreign currency registered a average price of $4,441.32. That is, 25.71 pesos below the TRM of the day, which is $4,467.03.

For now, the minimum trading price was $4,431.10 and the maximum was $4,461.00. The value of opening was positioned at $4,450.00.

(Read: These are the tax benefits that currently exist in the country).

Changes in currencies have also been notorious in the behavior of the euro, which two days ago surpassed the dollar again. However, risk aversion and rising US Treasury yields support the greenback’s strength.

The president of the Bundesbank, the central bank of Germany, Joachim Nagel, believes that in September it will be necessary for the ECB to raise interest rates sharply given the high inflation.

“We need a strong rise in interest rates in September and the coming months we must expect more movements (increases) in interest ratesNagel said today.

BRIEFCASE
With information from EFE*