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April 14, 2023
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Dollar takes a breather and returns to gains, after several falls

The 'blows' that oil is giving to the price of the dollar

The series of falls in the price of the dollar in Colombia gives a slight breather in the day this Friday. The US currency registers upward pressures, after several days of losses, that led it to trade below $4,500, since the Colombian peso was one of the most revalued currencies in the world so far in 2023.

(Peso vs. dollar: after 2 months, the market ‘is’ on the Colombian side).

According to the Stock Market, the foreign currency is traded at an average price of $4,438, that is, it rises 14 pesos compared to the TRM of the day, which is $4,424.

The minimum trading price during the day is $4,421 and the maximum is $4,450. In the previous session, the minimum price was close to $4,400.

(Minimum price of the dollar touched $4,400 this Thursday).

Analyst projections forecasts that The dollar will extend its losses in the medium term given the uncertainty that the United States will enter a recession in the second semester, a situation that is due to the aggressive fight of the Federal Reserve against inflation.

Another reason that would lead one to believe that a bearish cycle began in the dollar is that at a global level the bullish wave of the foreign currency has calmed down, strengthening the basket of currencies of emerging countries, including the Colombian peso.

BRIEFCASE

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