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The dollar opened with a price of 3,801 pesos, more than 20 pesos below the representative market rate (TRM) which rules this Wednesday (3,823.45 pesos).
The downward trend continues and the currency already records a low price of 3,792 pesos and an average of 3,797.86 pesos, according to the Colombian stock exchange. The maximum value reached is 3,801 pesos.
The dollar’s behavior today is directly linked to the uncertainty generated by not yet knowing the name of the president of the United States, after the elections that took place this Tuesday in that country.
Second Blu Radio, the dollar would remain strong, as in recent years, if Donald Trump wins. If Joe Biden wins, the US currency could exhibit bearish behavior.
To keep the trend, It could reach 3,750 pesos.
Meanwhile, major European equity markets, which had opened the session due to uncertainty over the US presidential election, reversed and are now trading green, with the exception of Madrid, which cut losses.
At noon Paris gained 1.05%; Milan, 0.74%; Frankfurt, 0.67%; and London, 0.45%. By contrast, Madrid lost 0.64%.
Previously, in Asia, Tokyo had gained 1.72% and Seoul 0.60%, although Hong Kong was down 0.21% burdened by the suspension of Ant’s IPO.
Asian markets, with the exception of Hong Kong, maintained their positive tone led by the bullish close on Wall Street, which gained 2% in Tuesday’s session.
With EFE.
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