The dollar ended the day with a significant drop compared to the previous day. It lost about 56 pesos and consolidated itself at the $3,900 peso barrier.
In the region, the Colombian peso was the one that strengthened the mostgenerating a positive environment in the local market.
Stable and volatile dollar at the same time
USDCOP ended the day $56.57 below yesterday’s close (Friday, April 16, 2024), after a day with a bearish trend. The minimum of the day was $3,892 and closed at $3,901.
In the international market it was known that the US PCE price index increased 2.7% annually in March, such that it accelerated by 0.2 pp compared to the February record and was above the expectations of the analysts (2.6% annually), after a monthly inflation of 0.3%.
For its part, the underlying component registered a monthly inflation of 0.3%, so that annual inflation remained at 2.8%.
Next week, the market will be attentive to the monetary policy decisions of Colombia and the US, which will be made next Tuesday (April 30) and Wednesday (May 1), respectively.
“The increases in the region were led by the Colombian peso (USDCOP), which strengthened 1.43% to 3,901 units per dollar, while the stock index of the local stock market, the MSCI COLCAP (COLCAP), appreciated 1 .24% to 1,366.61 points” Reuters stated.
The data from the United States strengthened the region’s currencies and moved the markets positively.
Nearly $990 million were traded on Friday.
There is still uncertainty about the future of the dollar in Colombia, but Some analysts are already saying that it will once again exceed the $4,000 peso barrier..
The United States is putting pressure on Latin American currencies, including the Colombian peso.
With information from Grupo Bancolombia and international agencies.
Report from the previous week: Dollar seeks levels of $3,900 COP: Where is it going?
