The dollar in Colombia closed the day on Thursday, September 11 at the level of $ 3,900. The American currency was quoted at $ 3,903.57that is, $ 18 below the representative rate of the market (TRM) set for the day ($ 3,921.58).
(Read more: reasons that have the dollar below $ 4,000 in the Colombian market)
At the end of the session, the foreign currency reported a maximum negotiation price of $ 3,918.25 and a minimum of $ 3,891.00.
During the first days of the month, the TRM was showing a gradual downward trend, motivated by The most recent US market data which provides changes in the monetary policy of that country.
According to Rodrigo Lama, Chief Business Officer of Global66, the deceleration in the US labor market consolidated the expectations of a start of the cycle of cuts by the Federal Reserve (FED) in September.
Dollar.
EFE
(Read more: the not said effects of the tax reform on the credit in Colombia)
Colombian peso strength
According to data from the Bloomberg Dollar Spot index, the index shows that, in August, The local currency closed with an appreciation of 4.20% against the dollar. The Colombian weight was favored by the positive flow of dollars to the economy. According to some experts, there are remittances, tourism and exports.
On the side of the dollar, it continued to lose ground at the end of August. In the eighth month of the year, the American currency yielded positions in the market in response to a series of political and economic factors, headed by the institutional uncertainty in Washington.
The green ticket fell 1.7% in this period and deepened the downward trend that it has maintained throughout the year, accumulating a depreciation close to 8%.
(Read more: Colombian peso, the currency with better performance in the region in August)
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