The dollar in Colombia has maintained a new upward trend marked by a strengthening that led it to be quoted close to $4,200, maximums that the country had not seen since last year.
The most important:
In accordance with analysts’ expectations, the behavior of the exchange rate continues to depend on a good part of what happens with the agenda in the Government’s legislature.
President Petro’s administration managed to approve the pension reform, which, according to businessmen, It could generate uncertainty for investment in the country and the effects that this may have on the dollar in Colombia.
Added this to the fact that the labor reform also saw the approval of the initiative in the first debate and waiting for three other discussions to take place.
The most recent forecasts aim to explain that the exchange rate will continue to strengthen as long as, from the local side, uncertainty about what will happen with indicators such as the future of investment options in the country.
What’s coming for the dollar in Colombia
The dollar in Colombia, however, maintains good prospects after the growth data for Colombian economic activity surprised during the month of April.
Expectations about the future of the US currency in the country also They focus on what may happen with the inflation data that would have been given in May.
Forecasts regarding price behavior suggest that inflation may have slowed its deceleration even further.
The above is still about the doubts that are generated by the fact that annual inflation April remained intact and suggested that the indicator would fall less than expected at the beginning of the year.
On the international side, the market awaits growth data from the world’s main economies to be able to review what could continue to happen with growth in consumption.
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The above will be key for central banks to make known their new perspectives for the increase in the cost of credit and the reduction in interest rates.
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