This Monday, andhe dollar closed the day at $4,415.32, which represented a fall of $20.52 compared to the Representative Market Rate (TRM)which today stands at $4,435.84.
According to the Set-FX platform, The US currency had an opening price of $4,436.10, a low of $4,394, and a high of $4,450. In addition, $742.97 million were negotiated through 1,127 transactions.
Thus, the TRM that will govern this Tuesday in the country, according to the Financial Superintendence, will be $4,415.11.
A host of central banks around the world will continue to raise their borrowing costs this week, led by the Federal Reserve, which is expected to make a swift attack on inflation by doubling down on its commitment to rein in consumer prices.
Analysts expect volatility to continue in global markets as the Fed is expected to raise the rate by 75 basis points.
“The update of the macro perspectives will be relevant, which might favor the new scenario expected by the market with interest rates that would reach a maximum close to 4.5%. However, they might once more suggest that this scenario of high rates might last longer than is currently anticipated”, explained Gabriel Granados, senior economic research professional at Banco Agrario.
The monetary authorities of Japan, Sweden, Switzerland, Norway and the United Kingdom will also review their benchmarkswhile in emerging markets, the Philippines, Indonesia, Taiwan and Turkey will be among those assessing whether their lending rates are in step with the rest of the world.
Towards the end of the week, the preliminary PMIs of the main economies will be published, which will also account for the progress of the deterioration in activity in these regions.
As for oil, Brent crude, a reference for Colombia, opened the day at US$88.97, down 2.61%; while West Texas Intermediate (WTI) reached US$81.93.
