The contagion of the coronavirus took the world’s markets, including that of Colombia. The Representative Market Rate (TRM) that will govern the entire weekend and until Monday is 3,539.86 pesos, marking another historical record and appreciating 32.75 pesos compared to the one in February 3,507.11 pesos.
The climb took place this Thursday, when the currency returned to 3,500 pesos, after starting the week at 3,398.05 pesos.
You can read: Reasons for a dollar that broke the $ 3,500 again
With this, the dollar observed an escalation of 141.81 pesos between Monday and today, in a context where the US Federal Reserve (EDF) already announced that it will act adequately to support the economy against the coronavirus, according to the EFE agency.
The president of the Fed itself, Jerome PowellHe said that “the central bank will act and use the appropriate tools to support the economy in the face of the expansion of the coronavirus”, which suggests a possible drop in interest rates.
Justly, next week the Federal Open Market Committee of the Fed, in charge of US monetary policy, will hold its monthly meeting, in which it could lower its interest rates, which are currently between 1.75% and 1.5%.
Section notes: Prices in 2020 will not rise as much as expected
In this regard, it should be noted that on Friday, at the New York Stock Exchange, the Dow Jones, stock index of the 30 main companies listed on Wall Street, closed with a fall of 1.4%, according to AFP.
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