Hours after the United States Department of Labor announced that The annual consumer price index (CPI) reached 3.4% in April, the dollar in the Colombian market registered a sharp fallgreater than 30 pesos.
(Read: US inflation fell to 3.4% in April, its first annual drop since January).
According to the Colombian Stock Exchange, the US currency closed this Wednesday at an average price of $3,825, that is, it fell 36 pesos below the TRM of the day, which was $3,861.
Investors are waiting for new signals that this data may send to the US Federal Reserve on the direction of monetary policy regarding interest rates.
(See: GDP in Colombia stood at 0.7% for the first quarter).
The US inflation data gives some respite to the FED and its plans to lower interest rates during the year.
In the last weeks, The Colombian peso is one of the currencies that has appreciated the most among the basket of currencies of emerging economies, just like the Brazilian currency..
(Also: Petro will testify as a witness at the Prosecutor’s Office in the investigation of his campaign).
BRIEFCASE
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