Dollar in Colombia doesn't hit bottom: its price closed below $3,700 this Wednesday
US Dollar and Colombian Peso Photo: iStock
TL;DR
- The dollar's price in Colombia fell below $3,700 on Wednesday, March 11th.
- The average closing price was $3,687, a decrease of 23 pesos from the TRM of $3,710.
- The maximum price reached was $3,709, and the minimum was $3,670.
- Analysts cite the Middle East conflict as a major factor influencing the dollar's behavior.
- The conflict has pushed oil prices above $100 per barrel, which has a direct effect on the US dollar.
- Unlike last year, the dollar is currently acting as a safe-haven asset with sustained appreciation.
- An extended conflict could lead the Federal Reserve to increase interest rates, increasing inflationary risk.