Heidy Monterrosa – [email protected]
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At 1:00 pm, the dollar reached an average price of $ 3,843.20, which represented an increase of $ 15.93 compared to the Representative Market Rate (TRM), which stood at $ 3,827.27 for today.
The opening of the coin was $ 3,845 and its closing was $ 3,855.50. The minimum price that was recorded on the Set-Fx platform was $ 3,824, while the maximum was $ 3,858. The amount negotiated during the day was US $ 529.07 million in 734 transactions.
“We started the week pending Powell’s conference at the Jackson Hole, Wyoming meeting this Thursday. Investors await clues about the steps to be taken by the Fed, additional stimulus and time in which rates could be at minimum, taking take into account that now they focus more on inflation, “said José Luis Hernández, a trader at Corficolombiana.
The analyst added that they should be attentive to other factors such as the evolution of the negotiations between China and the United States, the United Kingdom and the European Union, as well as the vaccine against covid-19, the decrease in the demand for oil and the presidential elections coming up.
In Latin America, currency and equity markets were mixed, while European equities and riskier currencies advanced thanks to an improvement in confidence attributed by some analysts to the approval in the United States of a treatment against covid-19 earlier of the Republican National Convention.
The United States Food and Drug Administration (FDA) announced that it will authorize the emergency use of plasma from recovered patients to treat people infected with the virus.
Derek Halpenny, director of analysis at MUFG, told Reuters the announcement about the plasma treatment is likely to only have an impact on confidence in the short term.
“I think investors in general will be relatively skeptical of the news between now and the election, especially if it comes from Trump,” he said, adding that “it is obvious that he has a very significant incentive to accelerate approvals and increase the good news coming “.
On the side of oil prices, both a barrel of WTI and that of Brent increased. The price of the first rose 0.66%, to US $ 42.62, while the price of the second increased 1.56%, to US $ 45.04.
The price rose after two storms caused the closure of US platforms in the Gulf of Mexico and paralyzed more than half of the production of crude in the area, to which was added the optimism of the markets due to the advances in treatments for covid-19.
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