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The dollar in Colombia continues to rise. Less than half an hour after the end of trading on Wednesday, the US currency trades at around 26 pesos above the official rate (TRM) (3,250.56 pesos) to 3,276 pesos.
This is not the highest price for a dollar today. The currency peaked at 3,300 pesos to be exchanged, very close to noon, at 3,293.68 pesos, the highest rate of the last two years.
As you remember, On March 2, 2016, the country's exchange rate was 3,268.86 pesos.
Although the exchange rate moderated at that time its tendency to fall to 3,276 pesos, this level is considered quite high and some badysts attribute it partly to the expectation surrounding the presentation of the presentation of the letter. credit. financing (tax reform).
For badysts at Alianza Valores, "the end of the year promises a lot of volatility in the currency (dollar)". Although the global economy is stable, the new oil reality is causing the Colombian peso to reach its objectives for the first half of 2019. This at the hand of a risky country that has finally separated from the most countries. armored vehicles (Peru and Chile) to the least developed (Mexico and Brazil) ".
And they warn, compared to the fence above 3,220 pesos the first days of the week, which give "finished the rest and we continue to reach our long-term goals to reach 3,450 pesos".
Gross up
In addition, according to international agencies, oil traded around $ 60 a barrel, buoyed by expectations that the Organization of Petroleum Exporting Countries (OPEC) and its partners would decide to reduce oil prices. next week, and helped by a drop in production from the North Sea.
OPEC, Russia and other allies will meet on 6 and 7 December. Producers are discussing a supply cut of between 1 and 1.4 million barrels a day or more, Organizational delegates told Reuters.
The global benchmark, Brent, was trading at $ 60.50 a barrel, after trading at an intraday high of $ 61.27 per barrel, while In the United States, oil added 51 cents to 51.92 dollars a barrel.
"The OPEC has to cut back (supply) if it wants the market to be a little less oversupplied in the first half of 2019," said Olivier Jakob, an badyst at Petromatrix, adding that the increase was limited.
The Brent lost 30% of a barrel hit more than $ 86 a year in early October, and reached its highest level in four years. He feared that supply will exceed demand in 2019 as growth slows. economic
ECONOMICS AND BUSINESS ECONOMICS
With the support of agencies
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