Dollar Closes Day, Reaches Nearly $ 3,300 Due to Market Tension

One hour before the closing of the dollar prices, the currency reached an average price of $ 3,276.21, its average maximum amount since February 29, 2016, reaching $ 3,319.41, and bringing it a $ 25 gain, 67 against the daily TRM which is located at $ 3,250.56.

At 1:05 pm, and when it closed, the US dollar paused and reached a lower average price of $ 3,275.80, an increase of $ 25.24 over the MRT. The opening price of the currency was $ 3,255 and the closing price of $ 3,271.

The minimum price recorded on the Set-Fx platform was $ 3,254, while the maximum price was $ 3,293.68. As for the amount negotiated during the day, this amounted to 1,284.5 million US dollars in 2,102 transactions.

Fed Chairman Jerome Powell's statements and the new wave of trade tensions between the United States, China, Europe and Mexico give rise to an upward trend.

US Federal Reserve Chairman Jerome Powell badured today that the interest rate level is "neutral" for the country's economy, which is why it will not no direct impact on a possible acceleration or deceleration of the economy. . In addition, the manager said his rate of interest rate increases "was a risk-balancing exercise."

On a global scale, the dollar is adding a fourth straight day up, while investors seek refuge in the US currency. Although the markets take into account that the central bank will raise interest rates twice as much, the recent criticism of monetary policy by US President Donald Trump has raised concerns that the central bank may contain the adjustments , according to Reuters.

"The Fed must reach its goal of preventing a strong economy from overheating.It has two options to increase rates or accelerate the reduction of balance," said Jose Luis Hernandez, currency operator at Corficolombiana. , before adding: "Before the G20 meeting, a meeting between the United States is expected and China to solve the trade problems".

According to the badyst, the local dollar has "a puzzling market" that oscillates between $ 3,246 and $ 3,267. The firm therefore maintains a bullish bias at the end of the week, in which it is possible to see $ 3,303.

For its part, oil prices are moving in contrast with slight variations, with Brent at US $ 60.25 per barrel and WTI at US $ 51.82. Russian President Vladimir Putin said today that his country was in contact with OPEC and that he was ready to continue cooperation with the group if necessary. He also added that Russia would be satisfied with an oil price of 60 dollars a barrel.

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