Dollar closes again below $4,900, in volatile sessions due to economic data

This Friday, the dollar closed at $4,885.34, on average, which meant a drop of $104.24 compared to the Representative Market Rate, which for today is $4,989.58.

The opening price recorded by the Set-FX platform is $4,970. The maximum value is $4,982 and the minimum is $4,827. More than US$994.7 million have been traded through 1,884 transactions.

The dollar at the local level was drastically impacted since yesterday, after the figure of the Consumer Price Index (CPI) was released by the National Administrative Department of Statistics (Dane), which for December was 1.26%, while the annual figure closed at 13.12%much higher than expected.

Regarding the international scene, the dollar strengthened as Wall Street stock futures held steady and European stocks rose on Friday as traders braced for US jobs numbers that will help chart the way forward for Fed tightening Federal.

10-year Treasury yields stabilized after rising for the first time this week on Thursday following comments from Fed officials. A measure of dollar strength rose for a second day, while the yen fell to all-time lows. in a week, after the Bank of Japan revealed more unscheduled bond purchases to control its yield curve.

The Fed has remained “extremely aggressive” to avoid inadvertently easing financial conditions, Craig Erlam, a senior market analyst at Oanda, told Bloomberg. “But another strong jobs report today would further justify such an aggressive approach and perhaps send risk assets into a bit of a nose dive as the prospect of a higher terminal rate rises along with downside risks,” he wrote. in a note compiled by Bloomberg.

the barrel of Brent oil, the reference for Colombia, increased 1.07% to US$79.53 a barrel, while WTI rose 1.34% to US$74.66.

The prices of Petroleum They rose on Friday on hopes of increased Chinese demand, but the global economic outlook kept crude oil benchmarks heading for a weekly decline.

In addition, crude was also supported by a larger-than-expected drop in US distillate inventories for the week ending December 30, according to data from the Energy Information Administration (EIA) on Thursday.

On a weekly basis, however, both the Brent and WTI contracts are on track to be down more than 7% from the previous week, pressured by concerns over the possibility of a global recession.

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