The US currency reached 3,686.90 after 9:00 a.m. local time.
The dollar in Colombia began the day with a value of $ 3,679, but an hour later it showed a gain of 0.11% and stood at $ 3,685.30. The Representative Market Rate (TRM) for this Wednesday is $ 3,655.74.
Also read: The dollar fell $ 27 and closed at $ 3,655, yesterday May 18
The New York Stock Exchange opened with a sharp fall on Wednesday, still concerned about inflation and its consequences on the Fed’s monetary policy as bitcoin plunged: the Dow Jones lost 1.11% and the Nasdaq 1.68%.
Already the day before, for the second day in a row, the main indices fell: the Dow Jones lost 0.78% to 34,060.66 points, the Nasdaq fell 0.56% to 13,303.64 points and the S&P 500 0.85% to 4,127 , 83 points.
For its part, the Colcap index of the Colombian Stock Exchange (BVC) fell 0.47% after 9:30 in the morning in Colombia. The most valued shares were those of Grupo de Energía de Bogotá (+0.95%) and Grupo Bolívar (+0.19%), while among the most devalued were Ecopetrol (-2.34%) and Grupo Argos ( -two %).
The price of intermediate oil from Texas (WTI) opened this Wednesday with a decline of 3.02%, to US $ 63.51 a barrel, amid speculation about the possibility that the Federal Reserve (Fed) of the United States. raise interest rates due to inflationary pressures and after an increase in the country’s crude reserves. At 09.05 local time (13.05 GMT), WTI futures contracts for June delivery were down US $ 1.98 from the close of the previous session.
The weekly data on crude reserves from the American Petroleum Institute, a private group, also weighed on the market, which reported an increase of 620,000 barrels in inventories. The official data from the authorities, to which investors pay more attention, is expected to be released this Wednesday.
According to some analysts, oil prices are also being affected by alleged advances in the talks between the United States and Iran to return to the nuclear deal broken by Washington under the Donald Trump Administration. The return to the agreement would imply a priori the lifting of most of the US sanctions, which would once again facilitate Iranian crude oil exports.
