In Colombia, in the week of May 8 to 12, the dollar closed at a loss and below the barrier of 4,600 pesos.
(You can read: Dollar fell this Monday, May 8: this is how the day closed after days on the rise)
However, according to information from the newspaper Portafolio, in the weekly accumulated, he ended up earning more than 70 pesos.
This Friday the 12th, the currency opened at 4,590 pesos and was traded at 4,562, 4,564, 4,578, 4,578.07 and 4,580.17 pesos. The maximum value of the day was 4,600 pesos and the minimum, 4,534 pesos.
At the end of the day, the average trading price, which was 4,564.48 pesos, 36.67 pesos less than the Representative Market Rate (TRM) of the day, which was 4,601.15 pesos.
Regarding the behavior of the currency during the week, Portafolio said that it was characterized by high volatility, falling to less than 4,470 pesos and rising to more than 4,600 pesos.
In any case, in the end, the dollar was stronger than the peso, since in the comparison between average prices on Friday and Monday (4,490.64 pesos) the US currency ended up 73.84 pesos.
(Also read: Oil price falls on concern about US debt stagnation.)
Macroeconomic scenarios, uncertainty in internal political measures that would generate a country risk and external situations, such as new measures by the Fed or bearish values in ‘commodities’ (oil), are some factors that could impact the price curve in the short term.
For his part, The Republic He explained that the market is torn between the signs of a slowdown in the United States economy, the next steps of the Fed and the progress in the debt ceiling negotiations in that country.
The Bloomberg agency noted that US President Joe Biden and House Speaker Kevin McCarthy postponed a meeting on the debt ceiling that was scheduled for Friday, a reflection that they are advanced in the discussions, according to people familiar with the negotiations.
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