A key week begins in Colombia, as the debate on pension reform continues and In addition, all eyes will be on the presentation of the medium-term fiscal framework, which has until July 15 to present it.
In the international context, the market awaits US inflation data. which will be published tomorrow at 1:00pm the Fed’s interest rate decision.
The currency closed the day with an average price of $3,961.03, placing $16.89 above the Representative Market Rate which today is at $3,944.14, and reaches levels at the end of 2023. The maximum price that the currency touched was $3,997, while the minimum was $3,921. During the day, 1,977 operations were carried out for an amount of US$1,466 million.
According to Bloomberg, Global investors are bracing for the likelihood of another volatile session on Wednesdaywhen both the latest monthly figure for US consumer prices and the decision of the Federal Reserve will be known.
While authorities are expected to keep borrowing costs unchanged, there is less certainty about officials’ rate projections. At least 41% of economists expect policymakers to indicate two cuts in their “dot plot,” while an equal number expect forecasts to show just one or no cuts, according to the median estimate in a Bloomberg survey.
Oil prices
According to Reuters, Oil prices were steady on Tuesday as investors awaited inflation data from the United States and China. and the outcome of the Federal Reserve’s monetary policy meeting to see how price changes could affect demand.
Brent crude futures fell 0.28% to US$81.40 a barrel. while US West Texas Intermediate crude oil, WTI, fell 0.40% to US$77.43.
“The possible macroeconomic headwind for oil prices will be China’s inflation data due tomorrow,” said Kelvin Wong, market analyst at Oanda.
