The minimum price is at $4,310while the maximum is currently hitting the $4,342.90.
According to the information from the platform: Set-FXNegotiations have been held for USD171 million through 447 transactions.
Investors’ attention is now returning to the domestic context and to the possibility that the US Federal Reserve (Fed) will raise interest rates again after three members of the Fed hinted yesterday that they expect further increases.
The president of the Chicago Fed, Charles Evans, assured in that he expects a 0.50 point increase in September and then several 0.25 increases until the beginning of the second quarter of 2023.
In recent days, several indicators and poor growth figures in the United States had raised market expectations of a policy change by the Fed, which will raise interest rates very significantly to curb inflation.
In reference to this move, Alejandro Guerrero, currency officer at Credicorp Capital, said there has been a devaluation of the Colombian currency, which is expected to reach a minimum of $4,290 and a maximum of $4,330 during the day.
On the other hand, the barrel of oil Brent reference for Colombia, increased 0.76%locate in $101.30.
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.
