Dollar in Colombia breaks the $3,700 barrier this Wednesday, awaiting new Fed decisions

TL;DR

The dollar price in Colombia surpassed 3,700 pesos on Wednesday.
The previous week saw significant volatility, with the dollar losing 110 pesos.
The average closing price for the dollar was $3,705.74, up from the TRM of $3,689.97.
The maximum price reached was $3,713.00, and the minimum was $3,698.00.
International markets are anticipating the US Federal Reserve meeting and potential interest rate decisions.
Higher-than-expected US wholesale inflation data has increased concerns about persistent inflation.
Geopolitical tensions in the Middle East have contributed to a rise in oil prices.
Investors are adopting a defensive stance, moderating expectations for short-term rate cuts.
The market is sensitive to the Federal Reserve's tone regarding inflation risks and future guidance.

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