The price of the dollar in Colombia fell this Thursday, December 26, after resuming operations after the Christmas holiday.
(Read: The fight between Petro and Duque over the increase in the minimum wage).
The US currency lost 4 pesos against the TRM of the day ($4,380), trading at an average price of $4,376. reports the Colombian Stock Exchange in its daily report.
The foreign currency operated without major shocks in the middle of an atypical week due to the inactivity of the market at Christmas.
(Besides: TransMilenio and SITP fare will rise to $3,200 in 2025).
In other stock markets, investors are still waiting to see if there will be a ‘Santa Claus rally’, that is, the sustained gains in the stock market that occur the last five trading days of the year and the first two of January.
“It’s a quiet time of year. Institutions aren’t really trading. It’s a little more retail-driven. So what happens at the end of the year isn’t necessarily an indicator of what January and February will be like.”UBS Wealth Management senior portfolio manager Michael Zinn told CNBC.
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