The price of the dollar in Colombia, as well as in other parts of the world, gave ground this Tuesday after the president of the Federal Reserve (Fed), Jerome Powell, insisted that interest rates in the United States will remain at their levels longer than initially planned.
(Read: How predictable is the exchange rate? Experts explain this.)
According to the Colombian Stock Exchange, The US currency deflated 27 pesos on the day, closing at an average price of $3,861. The Representative Market Rate with which the week opened was $3,888.
The market also operated attentive to other data expected by investors, which will be known this Wednesday.
(See: Sharp drop in industry and commerce in Colombia at the end of the first quarter).
US authorities will reveal the data of the Consumer Price Index (inflation), which will provide clues about the next movements of the Federal Reserve regarding interest rates, although the impression is imposed that they will remain unchanged for several months.
(Also: Minhacienda once again attacked the fiscal rule: it does not guarantee sustainability).
On the geopolitical front, all eyes are on the foreseeable Israeli invasion of Rafah, which has not yet materialized – at least not on a large scale – which could considerably raise tensions and widen the gap between Israel and its main ally, the United States. .
BRIEFCASE
With agency information
Add Comment