2023-05-31 15:22:30
For this Wednesday, May 31, the price of the dollar is $4,405, this represents an increase of $7 compared to the closing of the last day. The closing value of May 30 was $4,398. Compared to the Representative Market Rate (TRM), the currency is $3 below. According to the daily report of the Financial Superintendence, this is $4,408 for the day.
In the course of the day, the prices of the dollar have oscillated between $4,411 and $4,400. The reference values for buying and selling in exchange houses are $4,200 for sale and $4,320 for purchase. These numbers may vary depending on where the transaction is made.
What factors have affected the price of the dollar in recent days?
During this week the dollar has shown a downward trend. There are several factors at the national and international level that might explain this behavior. The Minister of Finance, Ricardo Bonilla, He pointed out that the currency prices might represent that investors are recovering confidence in the government of Gustavo Petro.
According to the analysis of Valora Analitik, At the national level, the price of the dollar will be affected by the discussion of the labor reform. The first debate on this bill is expected to resume this Wednesday. On Tuesday this might not be carried out due to the lack of a quorum. Additionally, we are waiting for the unemployment figures that will be published by DANE.
On the other hand, at the international level, it has been seen that the Chinese and European markets presented significant falls. Manufacturing activity in the Asian country fell to 48.8%. In the case of the United States, there is still uncertainty in the actions since an agreement has not yet been reached on the possibility of increasing the debt ceiling.
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