The dollar in Colombia rises this Tuesday, October 12 and its maximum price already reaches the level of $4,400 that it reached last week, prior to the elections in the US, in which Donald Trump won.
(Read: Key week in Congress for two of the seven Government reforms).
According to the Colombian Stock Exchange (BVC), The US currency is quoted at an average price of $4,382, that is, it rises 36 pesos compared to the Representative Market Rate of $4,346.
However, the maximum trading price reached $4,400 during the day.
Global markets are still reeling from Donald Trump’s victory in the presidential election and the Fed’s new interest rate cut last week.
(See: Interest rates: what to do before insisting on further drops, according to experts).
For its part, bitcoin, The most used cryptocurrency is moving at all-time highs.
Markets have been buoyant and on the rise since Trump’s victory in the presidential election last Tuesday. Traders expect the future president to cut taxes and relax market regulation, although some analysts fear that the swollen public debt and a possible increase in tariffs in his new term will lead to a rebound in inflation.
(Besides: Why is the national economy stabilizing? Swiss Re firm responds).
The lowering of interest rates by the Federal Reserve has also influenced operations, the second consecutive drop since September in the form of a quarter point to place the reference rate in a range of 4.5% to 4.75%.
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