Dollar in Colombia closes at $3,608 and reaches its lowest level since June 2021
The dollar maintained its role as a safe-haven asset and rose during Monday's session after the failure of peace negotiations between the United States...
TL;DR
- The dollar's demand as a safe haven increased due to US-Iran tensions, but it later reduced its gains.
- In Colombia, the dollar closed at $3,608.09, down from the TRM of $3,631.49.
- The geopolitical situation, including potential US military action in the Strait of Hormuz, contributed to market volatility.
- Key economic data releases from the US, such as housing sales and producer price index, are being monitored.
- The Bank of Japan's governor's speech is also of interest for insights into their response to the energy crisis and interest rate expectations.