The price of dollar opened with a downward trend after days where the uncertainty generated by the change in the government of Gustavo Petro, the collapse of oil prices and expectations for the decision of the Federal Reserve guided their behavior.
The coin opens with a average price $4,673.55, which represents a fall of $39.53 compared to the Representative Market Rate which for today is $4,713.08. At 8:05 am, there was a high of $4,684.85 and a low of $4,663.5, with 10 transactions for $4 million.
Lost investors are attentive to the decision of the central bank of the United States, where although an increase of 25 basis points is taken for granted, they want to see the signals that are given on the path that interest rates may take later and how quickly they could begin to fall.
“The market should focus its attention on the Fed meeting, looking forward signs that allow us to reaffirm expectations at the end of the cycle of intervention and give a breath to the tightening of financial conditions at a global level “, said the exchange analysis of Grupo Bancolombia.
Analysis Banco de Bogotá added to the attention generated by the meeting of the European Central Bank, which weighs on the performance of emerging market currencies. This entity, according to the report, “showed itself to be more eagle (tighter on monetary policy) than the Fed, but the market is also discounting a 25bp increase, which takes the rate to 3.75%. Beyond the decisions, lads will be key ahead ‘forward guidance‘ that every entity can have”.
In addition to expectations of central bank meetings, the oil market also influences investor sentiment. It Brent barrel, the reference for the Colombian economy, continues to fall and started the day’s trading at 73.14 US dollars, with a decline of 2.8%. The WTI, for its part, fell more than 3% and is trading at US $ 69.46.
