In search of curbing inflation, the international markets continue devising plans so that the economy does not continue collapsing; Despite this, the currency Colombia continues to devalue at great speed, not only with the value shown once morest the dollar, but also with the euro.
Because of this, the euro this moves Sunday July 10 at 4,454.70 Colombian pesosstill far from the maximum that has been presented this year, which has been 4,571.70 pesos Colombians.
Regarding the value shown yesterday, the national currency continues with the same value in terms of eurosomething that has caused concern within the population, since the prices of products and services continue to rise.
Despite this, citizens believe that the new government of Gustavo Petro will straighten things out and improve the country’s economy, causing the prices of products such as the basic food basket to drop.
In recent days the value of the dollar has exceeded that of the euro, making each dollar equal to 0.98 euro cents. The firm Nomura contemplates that it will fall to levels between 0.98 and 0.96 dollars.
“The longer the euro trades at such low levels, the more likely it is that the European Central Bank will intervene, leading to speculation of a 50 basis point movement at its next meeting,” says Monex Europe.
These effects on the euro might cause exports and imports in places where said currency is handled to see its price rise.
Such is the case of the consumers of these products, since they will see the prices of gasoline and electricity rise as long as the rest of the elements remain constant.
JAP
