The dollar regained strength following the announcement by the United States Federal Reserve of measures to curb inflation in the country. This is how the currency is quoted at an average of $3,746.40.
On Wednesday, the dollar had an opening price of $3,755, reflecting an upward trend against the current TRM, which is $3,723.79. It hit a low of $3,721 and a high of $3,761.99.
The appreciation that the Colombian peso had shown has reversed in the past two days, explained in part by the report from FED Governor Lael Brainard, which referred to rapid cuts in the entity’s balance sheet and interest rate hikes, contributing to the normalization of monetary policy.
Added to this is the fall in the price of Brent and WTI oil, due to the announced uncertainty about barrel releases.
An analysis by Coltefinanciera indicates that we see some risk aversion in foreign investment and that market movements depend on the effects of the war in Ukraine and monetary policy tightening, as the cost of commodities continues to drive inflationary pressures.
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.
