The price of the dollar in Colombia fell this Friday in the local market and closed the week below $ 4,400, after several days of high volatility.
(Read: Colombia already filed the petition against the USA per 10% tariff).
According to the stock exchange, The foreign currency was negotiated at an average price of $ 4,338, That is, it dropped 13 pesos with respect to the representative rate of the market (TRM) that was $ 4,351.
In international markets, The New York Stock Exchange opened on Friday, last day of a week of extreme volatility, before the tariff offensive unleashed by Donald Trump.
(See: China counterattacks: Tariffs will rise to US products.).
On the other hand, the European stock exchanges fell in red and the dollar deepened their losses on Friday, after China announced that it increases its additional tariffs on US products to 125%, in a new stage of the commercial war.
Investors “They are still concerned about uncertainties linked to the commercial war” and “The potential impact on economic growth, inflation and employment”explains Ipek Ozkardeskaya, Swissquote Bank analyst.
(Besides: Trump additional tariffs on Chinese products reach 145%, says Decree).
In the most recent episode of this commercial war, China announced on Friday to 125% its additional tariffs on American products, in response to 145% tax.
The dollar falls day by day, to levels that have not been seen for years, impacted by the incessant turns of President Donald Trump, who are undermining the credibility of the United States in the eyes of the currency markets.
In the last month, the American currency, considered for a long time as a trusted asset, has lost more than 5% against the euro.
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