According to the Set-FX platform, trades are made for USD 1,608 million through 2,748 transactions.
Juan Camilo Gómez, senior foreign exchange officer at Credicorp Capital, stated that there were three reasons why the dollar did not have a strong impact.
“A large stock of dollars has been held and we continue to see this since the beginning of the month, as well as the expectation of rate hikes by the Banco de la República at the meeting they will hold on January 27, and at a world level, the currency that used it sustainably thanks to the preliminary data shown by the employment reports in the United States,” said the expert.
He added that these aspects led to a repayment of dollars to the country in anticipation of another rise in the Banrepública rate and therefore there was a contraction in the exchange rate.
For its part, the Brent crude reference price for Colombia rose 1.72% to USD87.63, while WTI crude rose 1.2% to USD81.31.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
