The price of the dollar in Colombia gives ground this Tuesday, June 18, registering a sharp fall that places it below $4,100.
(Read: Comptroller’s Office requested the Minhacienda in case of salary overdraft in 2023).
According to the Stock Exchange, The foreign currency is quoted at an average price of $4,093, that is, it loses 21 pesos compared to the TRM, which is $4,144..
This week. Operators are awaiting retail sales figures in May and home sales and construction data in the United States. In addition, the market is also focused on economic data from China, which generated mixed feelings among investors, as its retail sales exceeded expectations but industrial production figures and investment in fixed assets disappointed experts.
(See: The controversies that have the education reform in suspense).
Dollar iStock
In the raw materials market, the International Energy Agency (IEA) revised downward its outlook for global oil demand, by about 960,000 barrels per day (about 100,000 barrels per day less than expected), citing weak demand for crude oil in China.
In other markets, lNatural gas contracts for delivery in July fell this Monday to $2.78 per thousand cubic feet, and gasoline contracts due the same month rose to $2.44 per gallon..
(Also: Great challenges that the pension reform will face to pass the Constitutional Court).
The cost of raw materials has fallen in the last month, partly due to concerns about possible oversupply in energy markets and weak demand for crude oil.
“For raw materials to recover, investors will want to see strong growth and a weaker dollar. That makes this week’s economic data important in this area,” analyst Tom Essaye noted this Monday in his daily report The Sevens. Report.
BRIEFCASE
With agency information
