03:03 PM
The dollar began the week trading at an average price of $3,894.26, which represents a drop of $1.15 compared to the Representative Market Rate (TRM) of the day, which stood at $3,895.41.
This downward trend of the dollar is helped by greater optimism among traders about the possibility of the US Federal Reserve (Fed) cutting interest rates this year.
You may be interested in: Improvisation of the Petro Government? Experts affirm that the end of energy savings in Colombia was hasty
Key events of the week
Monday: Comments on the economy and interest rates are expected from New York Fed President John Williams and Richmond Fed President Thomas Barkin.
Tuesday: Minneapolis Fed President Neel Kashkari will also offer his economic outlook.
Next week: The publication of the United States inflation data for April will be a key event for financial markets.
In contrast to the trend of the dollar, Oil prices rose this Monday due to an increase in crude oil prices by Saudi Arabia and to concerns about the continuity of the conflict between Israel and Hamas.
Brent futuresThey increased US$77 cents, or 0.9%, to settle at US$83.73 per barrel. and the fWTI g futuresThey added US$87 cents, or 1.1%, to trade at US$78.98 per barrel.
Analysts point out that The market reaction to the US inflation data next week will be crucial to determine the direction of the dollar and other financial assets.
You may be interested in: Attention Nequi and Daviplata users! 4×1000 tax would be eliminated for the majority starting in December
