The dollar reached an average price of $ 3,841.56 after rising by $ 31.33 due to covid-19 cases



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Paola Andrea Vargas Rubio – [email protected]

At 1:02 pm, the dollar reached an average price of $ 3,841.56, which represented an increase of $ 31.33 from the representative market rate (TRM), which was $ 3,810.23 today.

The currency opened the day with a price of $ 3,845 and was $ 3,830.50 at close. The low recorded price was $ 3,826.10 and the high was $ 3,854.90. The amount traded was US $ 1 million in 1,528 transactions.

“Following the news that the pharmaceutical company Pfizer is still unable to determine with certainty in the evidence how its COVID-19 vaccine protects people from infections, risk activities have decreased in all regions and markets.” , Reuters highlighted.

In addition to the uncertainty left by Pfizer’s announcement on the way to find an effective antidote against covid-19, there is the increase in new cases of covid-19 and the possible restrictions that some governments would impose to contain the spread, as expected. in Germany and France in the afternoon.

In addition to what is happening in the old continent, “investors are preparing for sudden market movements, with the utmost attention to the United States, which is struggling to contain a second wave of the new coronavirus at a time when the date of the presidential election on November 3, “Reuters explained.

In the case of oil prices, both references recorded reductions. WTI lost 4.85% to $ 37.65 and Brent fell 4.10% to $ 39.51, according to data shared by Bloomberg at 8:04.

Oil prices plummeted due to rising US oil stocks and the outlook for the pandemic. Both factors started to increase uncertainty about the future of demand among investors.

Harry Tchilinguirian, an analyst at BNP Paribas, told Reuters that “given the overall sharp rise in inventories in the API data, it is not surprising that the price of crude oil is falling this morning in anticipation of the official EIA numbers this morning. Late.”

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