The dollar in Colombia starts the second semester on the decline, but above $4,100

The price of the dollar in Colombia begins the second half of 2024 this Tuesday, July 2, above $4,100, after starting the day with a Representative Market Rate (TRM) of $4,148.

(Read: Why does BanRepública use the interest rate as a policy instrument?).

According to the Stock Exchange, The US currency closed this Thursday at an average price of $4,129, that is, it fell 19 pesos.

The foreign currency ended the first half of the year above this level, after several days marked by high volatility.

(See: 2024 Income Tax Return: Here’s how to find out if you need to file as a natural person).

At the close of last week, the risk rating agency Moody’s Ratings maintained Colombia’s sovereign rating at Baa2, with no changes to the country’s investment grade, but changed the outlook from stable to negative. This fact marked the evolution of the foreign currency at the close of last week.

On Tuesday, the local market will evaluate the reduction of the interest rate by the Bank of the Republic.

In other marketsOil prices hit two-month highs on Tuesday amid expectations of increased demand during the summer holiday season.

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