The greenback loses value after the open, but remains above $ 3,700.
The dollar in Colombia opened this Tuesday at $ 3,735, at this time it accumulates a loss of 0.13% and is trading at $ 3,728.40, although it has not dropped below $ 3,700. It is worth remembering that the Representative Market Rate (TRM) for today is $ 3,750.66.
Also read: Dollar fell $ 10 and closed at $ 3,734 this May 24
The Colcap index of the Colombian Stock Exchange (BVC) also behaves downward. An hour after the opening, it lost 0.31%. The most valued shares are Canacol Energy (+ 0.20%) and Grupo Bolívar (+ 0.12%), while the most undervalued are Cementos Argos (-1.37%) and Banco de Bogotá (-0.73% ).
Wall Street opened higher on Tuesday, maintaining the momentum gained the day before by the good stock market health of large technology companies and an announcement by Moderna about the effectiveness of its anticovid vaccine in adolescents. In early trading, the Dow Jones industrial index rose 0.24% to 34,478.15 points, the Nasdaq gained 0.50% to 13,729.67 and the S&P 500 advanced 0.29% to 4,209.29 units.
The price of intermediate oil from Texas (WTI) opened this Tuesday with a decrease of 0.09%, to US $ 65.99 a barrel, with the market pending negotiations to reestablish the 2015 nuclear pact. At 9:06 a.m. local time (13.06 GMT) on the New York Mercantile Exchange (Nymex), WTI futures contracts for delivery in July, the new reference month, cut US $ 0.06 compared to the close of the previous session.
Benchmark crude in the US was down this morning after appreciating almost 4% the day before on expectations that the crude sanctions imposed on Iran would take longer than expected to be lifted as nuclear talks in Vienna continue. Iran and the UN atomic agency agreed on Monday to extend inspections of the controversial Iranian nuclear program by one month, something that the Tehran authorities consider an “additional opportunity” to completely withdraw US sanctions against the country.
On the other hand, experts remain confident that the demand for crude oil in the US and Europe will soon increase due to the improvement in the epidemiological situation with covid-19 and the removal of restrictions for the summer.
