Dollar in Colombia falls this Friday and breaks the $3,600 floor downwards for the second time this week

TL;DR

The dollar's price in Colombia is falling significantly on Friday, April 17, aiming to close the week below $3,600.
The US dollar is trading at an average price of $3,578, down 37 pesos from the TRM of $3,615.
This is the second time this week the dollar has traded below $3,600, previously reaching its lowest price since 2021 on Tuesday.
Global oil prices are also retreating sharply, influenced by Iran's announcement regarding the Strait of Hormuz.
Brent crude is down to $89.03 per barrel, and WTI crude is down to $84.17 per barrel.
Analysts project the dollar to range between $3,625 and $3,700 in April due to global uncertainty, the Iran-US conflict, and its impact on crude oil.
The dollar's value is being contained by the restrictive monetary policy of Banrep and the peso's strengthening, but risks of an increase exist if inflation surprises or fiscal issues re-emerge.
The rise in the CPI for March raises concerns about the pace of disinflation, which was expected to be slower than anticipated.

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