Last Friday, this currency was traded, on average, A similar value of 4,089.12 pesos was last seen on 29 June last year. (TRM was 4,089.72 pesos).
Even the closing price of the day was lower: 4,052.45 pesos.
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The country saw several increases at a price never seen before in the country, peaking at 5,061 pesos on 8 November 2022 last year.
Despite the devaluation seen in recent weeks, in the second half of the year Dollar may experience new recovery due to various aspectsexplains Juan David Ballén, director of analysis and strategy at Casa de Bolsa.
The first is about the Fed, he says he expects the market to keep interest rates steady, and if he raises it, the currency could go higher.
The social reforms of the National Government will also have an impact, especially the pension, which will be discussed again after its establishment. Sessions of the Republican Congress on 20 July.
“Either way, things look good for now. With inflation falling in the United States, the Fed has less pressure to raise rates and internally the government has lost its manageability, This gives rise to the expectation that if it decides to continue the reform process, it will have to soften reforms,” says Ballén.
“If there is a respite for the government and a rebound in presidential approval,” says Felipe Campos, the regional elections scheduled for the end of October could also have an impact on the behavior of the US currency in the country.
However, it states thatpeople realized that the country was much more resilient and strong and had a regional appetite. “It is huge that events like this change the course of the dollar,” he said.
When the uptrend is seen again, the cheaper dollar benefits consumers because it is cheaper to travel to dollarized countries and buy imported goods such as appliances, technology and vehicles, but it affects exporters as they start charging less dollars for you. sales.
After investors confirm that the social reforms do not affect the rules of the game in Colombia and that all the noise has been overcome, the dollar can be between 3,500 and 3,400 pesos, Alianza Valores guesses the expert.
They anticipate this when in Corficolombiana By the end of the year, the dollar will be around 4,200 pesos as fears of a possible recession in the US persist..
TIME
Source: Exame
I am Bret Jackson, a professional journalist and author for Gadget Onus, where I specialize in writing about the gaming industry. With over 6 years of experience in my field, I have built up an extensive portfolio that ranges from reviews to interviews with top figures within the industry. My work has been featured on various news sites, providing readers with insightful analysis regarding the current state of gaming culture.
