Finance By: Portfolio
Date and Time Published: April 15, 2024 1:06 p.m.
The price of the dollar in Colombia rose this Monday, with its maximum price exceeding $3,900. This increase is attributed to the expectation and uncertainty in the market following the new offensive escalation in the Middle East, specifically after Iran attacked Israel with missiles on Saturday. As a result, world stock markets are showing varying behaviors, with the dollar rising in emerging markets.
According to the Colombian Stock Exchange, the US currency increased by 24 pesos on Monday and was trading at an average price of $3,888. The Representative Market Rate stood at $3,864, with the maximum price hitting $3,906 and the minimum at $3,857.
The events of Saturday have triggered foreign currency sales, particularly due to concerns about global economic stability amidst escalating tensions in the Middle East. This Monday’s session is marked by these events, highlighting the potential impact on the global economy.
For more updates on this developing situation, stay tuned to Finance By: Portfolio.