After exceeding $3,900 the previous day, after registering an increase of almost 50 pesos, The dollar in Colombia continued long this Wednesday and expanded its gains in the local market.
(Read: Pension reform: Government and CARF uncover letters about how much the project would cost).
According to the Colombian Stock Exchange, The US currency closed at an average price of $3,928that is, it rose 19 pesos compared to the TRM of the day, which was $3,909.
The increase in the price of the foreign currency occurred after this Tuesday the Department of Labor announced that At the end of April there were 8,059 million job openings in the US.a statistic that reflects the timing of demand for labor.
(See: Rich and richer: the fortune of billionaires reached a new all-time high).
Dollar.
This is the lowest level in more than three years; the Dow Jones estimate was 8.4 million vacancies.
(Also: Check your pocket: This dollar bill may be worth up to $150,000.)
Investors now await May jobs data, due out on Friday, with expectations for a slowdown enough for the Federal Reserve to cut interest rates soon, but not too steep to fear a recession.
According to CME’s FedWatch tool, Traders now value the probability of interest rate cuts this year at almost 62%, compared to 36% a week ago.
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