The dollar in Colombia began the week with a strong rise, which places it above the $3,900 level for the first time since last May 10.
(Read: Promoter of global dollarization says that inflation in Colombia is at 47%).
According to the Stock Exchange, The US currency is trading at an average price of $3,900 this Tuesday, by earning 40 pesos compared to the Representative Market Rate which is $3,860.
This week, the market’s focus is on the May employment numbers, and investors hope there will be enough of a slowdown for the Federal Reserve (Fed) to cut interest rates soon, although they hope that slowdown will not be excessively pronounced. enough to fear a recession.
(See: Redflation: what it is and why it is affecting supermarkets).
The dollar EL TIEMPO Archive
In other markets, The euro depreciates 0.33% against the dollar, trading at $1.08 per euro, and the pound sterling loses 0.26% against the dollar, trading at $1.27 per pound..
(Also: ‘We inspire you to travel’: trends in travel searches of Colombian families).
For its part, Wall Street opened this Tuesday in red and the Dow Jones Industrial Average, its main indicator, fell 0.17%, to 38,507 units, with the market attentive to employment data in the United States in the month of May, which will be published this Friday.
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