The dollar traded in the banking market closed at $4,822, a figure that showed a drop of $62 compared to Wednesday’s close. The opening price was $4,875, with a minimum price of $4,798 and a maximum price of $4,877.
(Ecopetrol: Felipe Bayón was endorsed as president of the company).
With this, the official price of the currency in Colombia (Representative Market Rate) was $4,821.92.
There was a better tonic on the market, which expects an increase in the repo rate of the Banco de la República of at least 100 basis points (one percentage point).
The possibility that the Government signed new oil exploration and exploitation contracts in the country.
According to Bancolombia, the behavior was also catalyzed by a mixed environment in the markets, due to the positive reading represented by the GDP figure for the US. in the third quarter of the year, which broke a contractionary streak and registered an annual increase of 2.6%, a situation that contrasted with a rise of 75 basis points in the interest rate of the European Central Bank, a movement that was in line with expectations by the consensus of analysts and that he would anticipate a movement of the same magnitude by the FED next week.
(The giant Amazon registered losses of 3,000 million dollars).
With this, Treasury bond yields lost ground and were slightly below 4% and the dollar strengthened globally.
Analysts said that the words of the Minister of Finance, José Antonio Ocampo, in the sense that he wants to raise the discussion in the board of directors of the issuer of future negotiations with the dollar, could also have had an influence. Ocampo reaffirmed again that there will be no intervention in the foreign exchange market.
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