The dollar maintains a downward trend

The dollar resumed its downward trend on Wednesday, trading below the $4,000 mark with an average of $3,959.08. This price is below the current Representative Market Rate (TRM), which is $3,971.28.

The US currency opened at $3,995 and reached a low of $3,934.05 while high at $3,997.50. The close was $3,937.60.

On this day, $1,636 million was traded in 2,612 trades.

A downward trend is expected for the coming days, according to an analysis by the Economic Research Group of Bancolombia.

An analysis by Coltefinanciera indicates that “dollar volatility increases sharply as we approach the election, but a high sales flow was appreciated that caused the dollar to reach a level of almost $3,930. If we broke this level we could be able to get $3,900. to achieve”.

In an international context, Belgium started a new quarantine process because of the increase in cases with the monkey virus; Similarly, the WHO continues to monitor the increase in infections from these smallpox in countries such as Spain and Portugal with the aim of controlling the epidemiological bias and avoiding high spread.

We expect the dollar to appreciate against the local currency before the end of the week, reaching levels close to $4,000, the analysts said.

Source: El heraldo