The dollar in Colombia began the week higher and above $4,300, driven by the sharp drop in oil prices in international markets as a result of fears over the geopolitical conflict between Iran and Israel.
(Read: Oil price in the US opened this Monday in its worst start in two years).
According to the Colombian Stock Exchange, The US currency closed at an average price of $4,342, that is, it rose 26 pesos compared to the Representative Market Rate which was $4,316.
In international markets, oil prices fall more than 6% due to the most recent events in the Middle East that invade investors with uncertainty.
(See: The level of savings and debt of Colombian households remains low).
The price of Texas intermediate oil opened this Monday with a drop of 6.26%, to $67.29 a barrel, its worst start in two years. For its part, the benchmark Brent crude oil loses 6%.
Oil.
Bloomberg
stock market
In other markets, Wall Street opened this Monday in green, a week that started driven by a “cooling” of hostilities between Iran and Israel and when the market is preparing for the publication of quarterly results by the large American technology companies.
Ten minutes after login, the Dow Jones Industrial Average rose 0.67% to 42,396 points; the selective S&P 500 advanced 0.47%, up to 5,835 points; and the technological Nasdaq increased 0.59%, up to 18,627 units. This week, the last one before the US elections (November 5), the third quarter results of Alphabet, Microsoft, Meta, Amazon and Apple will also be presented.
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