Dollar takes a breather and returns to gains, after several falls

The series of falls in the price of the dollar in Colombia gives a slight breather in the day this Friday. The US currency registers upward pressures, after several days of losses, that led it to trade below $4,500, since the Colombian peso was one of the most revalued currencies in the world so far in 2023.

(Peso vs. dollar: after 2 months, the market ‘is’ on the Colombian side).

According to the Stock Market, the foreign currency is traded at an average price of $4,438, that is, it rises 14 pesos compared to the TRM of the day, which is $4,424.

The minimum trading price during the day is $4,421 and the maximum is $4,450. In the previous session, the minimum price was close to $4,400.

(Minimum price of the dollar touched $4,400 this Thursday).

Analyst projections forecasts that The dollar will extend its losses in the medium term given the uncertainty that the United States will enter a recession in the second semester, a situation that is due to the aggressive fight of the Federal Reserve against inflation.

Another reason that would lead one to believe that a bearish cycle began in the dollar is that at a global level the bullish wave of the foreign currency has calmed down, strengthening the basket of currencies of emerging countries, including the Colombian peso.

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