The price of the dollar in Colombia fell on Monday at the start of the week and extended its bearish trend with which it closed on Friday.
(Read: Keralty demands reparation after a failure that declared the intervention to EPS Sanitas illegal).
According to the Colombian Stock Exchange, The US currency closed at an average price of $ 3,945that is, it fell 15 pesos in front of the TRM of the day that is $ 3,960.
At the close of last week, the foreign currency registered strong losses due to the figures of the labor market in the US, worse than expected.
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For this week, investors are attentive to the August data of the price index for producers, which will leave Wednesday, and the next day it will be the most anticipated turn, the price index for consumers; Both will throw some light on what extent the aggressive tariff policies of President Donald Trump, plus his multiple swings, affect the evolution of prices.
On Friday, a data on employment was made public that was not flattering: The United States unemployment rate in August rose to 4.3 % with an anemic net creation of 22,000 jobswell below the July creation data, according to the data of the Office of Labor Statistics (BLS).
(Besides: Colombian peso, the currency with better performance in the region in August).
The analysts expected that this month of August, a normally complicated month for job creation, some 75,000 new jobs would be created, so these bad data give additional guarantees to investors that there will be a decrease in interest rates this month after the meeting of the Federal Reserve.
The impact of these figures can overshadow the inflation figures, according to analyst Lauren Goodwin, cited by Marketwatch: “It will be difficult to see CPI figures that compensate for the Employment Report. That said, I think we need to talk about inflation as a macro risk for markets.”he said.
