Colombia’s Dollar Rebounds Above $3,900 Amid Bank of the Republic Meeting

The price of the dollar in Colombia ended the week above $3,900, before experiencing a strong rebound this Friday. The market was closely following the meeting of the Banco de la República board, with the conclusions being released shortly after the market closed. As a result, the US currency closed at an average price of $3,910, representing a 22-peso increase compared to the Representative Market Rate (TRM) of $3,888. This increase came after the Federal Reserve announced its decision to maintain interest rates between 5.25% and 5.50% in the United States. The previous day saw the foreign currency closing stable with a slight 2-peso increase. Investors and analysts are eagerly awaiting the next interest rate decision by the Bank of the Republic.