How the Dollar Closed This March 16: Tension Between the US and Iran
The price of the dollar in Colombia has once again registered upward movements amid international uncertainty generated by the conflict between the United States and Iran, which has now lasted more than two weeks and continues to impact energy and financial markets.
TL;DR
- The dollar's price in Colombia rose due to international uncertainty from the US-Iran conflict.
- The conflict impacts energy and financial markets, with volatility also linked to oil prices and central bank decisions.
- The dollar closed at $3,691.95, an increase of $6.42 from the TRM.
- The Strait of Hormuz, crucial for oil supply, is a point of risk, potentially affecting global energy markets.
- Local factors such as elections and the fiscal deficit also influence the Colombian foreign exchange market.
- Crude oil prices remain above $100 per barrel due to attacks on oil facilities.
- Central banks including the Federal Reserve, ECB, Bank of Japan, and Bank of England will hold meetings that could shape global monetary policy.