EconomyFinancialDollar falls $ 26 and is trading near $...

Dollar falls $ 26 and is trading near $ 3,680

The exchange rate is feeling the effects of the sharp rise in oil prices due to the OPEC + meeting.

The dollar in Colombia began the day on Tuesday with a fall of $ 26 and is trading near $ 3,680. In this way, the exchange rate has fallen more than $ 50 in the last week.

You may also be interested: OPEC + meeting will contemplate increased oil production

For three weeks the dollar has achieved a relative stabilization, fluctuating around $ 3,720. In other words, it has overcome much of the tension that arose in the markets this month after learning about the withdrawal of the tax reform and the loss of investment grade in Standard & Poor’s.

The significant one this Tuesday is due to the fact that the exchange rate is feeling the effects of the sharp rise in oil prices due to the OPEC + meeting.

The market expects the progressive increase agreed at the end of April to continue, after the strong cuts decided last year in the face of the COVID-19 pandemic.

Optimism led Brent oil, the benchmark used by Colombia, to rise more than 2% and surpass US $ 70 during the trading session this Tuesday.

However, it is expected that in the coming weeks the exchange rate will continue to reflect the uncertainty about the Colombian fiscal situation: correcting a deficit of $ 90 billion is the challenge. What increases the expectation for the new tax reform that the Government is building through consensus, and that for now has a collection goal of $ 14 billion: almost $ 10 billion less than the previous reform.

The exchange rate continues close to 19.80 pesos per dollar, will it reach 19...

Although the Mexican currency suffered a slight depreciation at the opening of this Friday, it continues at levels that could consolidate in a downward trend, but a rebound is not ruled out.

LAST MINUTE: Mexican peso reaches its BEST level against the dollar in more than...

The exchange rate recorded its fourth day of appreciation and closed at 19.8873 pesos per dollar, its best level since September 12.

LAST MINUTE: The Mexican peso is the fifth most appreciated currency against the dollar...

While signs on monetary policy are expected in the United States, Canada, Brazil and Europe, the Mexican peso advances slightly this Tuesday.

The 9 worst depreciations of the Mexican peso in recent history

Among the strongest falls in the national currency are those caused by the covid-19 pandemic, in 2020, and the one that triggered the Trump phenomenon during the government of Enrique Peña Nieto.

The Mexican stock market closes at its best level in six weeks

The sights of local and international investors are focused on the development of the corporate results season corresponding to the third quarter of 2022.

More