The dollar in Colombia falls this Wednesday, October 15 and its minimum price has already broken the $3,900 barrier downwards.
(Read: Consumer confidence increases at the start of the last quarter of the year).
According to the daily report of the Colombian Stock Exchange, the foreign currency is quoted at an average price of $3,906, that is, it falls 27 pesos compared to the TRM of the day, which is $3,933.
Nevertheless, The minimum price broke the floor of $3,900 and was traded at $3,897.
(See: Will card usage go down? What comes with the implementation of Bre-B).
According to Rodrigo Lama, Chief Business Officer of the Latin American fintech Global66, despite the greater volatility observed in previous days, marked by Donald Trump’s tariff announcements and the continuity of the partial government shutdown in the United States, a bearish view remains for the dollar globally.
For the analyst, The market discounts with a probability of 99% a new cut of 25 basis points at the next Fed meeting on October 29, reinforcing the expectation of a formal start of the monetary flexibility cycle.
(Besides: CRC withdraws request to television channels to report on editorial policies).
In this context, emerging currencies could continue to show relative resilience, supported by greater flows into risk assets and the rebound in commodity prices.
This week, The dollar in Colombia would be negotiated at a support price of $3,800 and a resistance price of $3,950.
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