The dollar finally reached $ 3,800. The dollar in Colombia closed yesterday’s day down at $ 3,898.04 which represented a drop of $ 8.2 compared to the representative rate of the market, TRM, certified at $ 3,906.24. In addition, the currency at the end of the day had a minimum price of $ 3,881 and a maximum of $ 3,914.50 with 1,400 transactions for an amount of US $ 982 millions.
This figure was not seen since June 2024, when it closed at $ 3,860.92 the first of that month.
But this scenario remains the collection of the global effect. The dollar dropped on Monday in a generalized way while investors prepare for the Fed to resume the trimming of interest rates at this week’s meeting, and President Donald Trump renewed his calls to faster flexibility of monetary policy.
Trump asked the president of the Federal Reserve on Monday, Jerome Powell, to make a “major” cut of the rates And he pointed to the real estate market in a publication on social networks before the meeting of the US Central Bank this week.
The operators foresee a 25 basic points cut at the meeting of the Federal Open Market Committee of September 16 and 17and about 5% probability of a 50 basic points cut, according to the CME Fedwatch tool.
“What we see is simply a lack of generalized conviction, with the relatively happy operators to stay out and wait until the result of the FOMC Wednesday meeting is known,” said Michael Brown, Market Analyst of the Broker online Pepperstone in London.
“Meanwhile, most likely, positions block themselves to boost things during the next day or so,” Brown said.
The DXY dollar index, which measures the fortress of the US currency in front of a basket of six currencies, fell 0.4%, at a minimum of almost a week of 97,273. In front of the Japanese Yen, the dollar fell 0.2%, to 147,335 yen, while the euro advanced 0.3%, to US $ 1,1771.
The dollar has stabilized since its record drop at the beginning of the year, but many operators of the currency market continue to consider that the green ticket maintains a bassist trend. Investors will analyze the projections of the members of the Fed for the rates and the orientation of the president of the FED, Jerome Powell, to calibrate the scope and rhythm of greater flexibility.
“We hope that the statement recognizes the weakening of the labor market, but we do not expect a change in the orientation of monetary policy or a wink to a cut in October,” Goldman Sachs analysts said in a note.
Investors are also pending decisions about interest rates that are taken this week in Japan, the United Kingdom, Canada and Norway. The Bank of England and the Bank of Japan are expected to maintain the rates without changes this week. Analysts focus on Banco D’s plansand England of slowing down the reduction of their public debt holdings and in the comments of the Bank of Japan to calibrate the probability of a rise in rates in the remainder of the year.
