The dollar opens higher and approaches $4,600

The price of the dollar in Colombia for the day of Monday, April 10, started at an average of $4,590.21, representing an increase of $19.30 from the Representative Market Rate (TRM) today quoted at $4,570 .91.

The opening value of the US currency was $4,585.

In turn, the minimum price is $4,551 while the maximum is $4,597.80.

According to the Set-FX platform, negotiations for $452 million have been made through 1,055 trades to date.

Investors received signals of a weakening labor market last week.

However, Friday’s March jobs report – a US holiday – showed a resilient economy and moderate inflation.

The number of nonfarm payrolls rose by 236,000 this month, nearly in line with the Dow Jones estimate of 238,000, the Labor Department reported. While unemployment fell to 3.5%.

The latest data for the US consumer price index and producer price index will be released this week, on Wednesday and Thursday respectively.

These reports will be key in determining the next steps for the Federal Reserve (Fed).




Source: El heraldo

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