This Thursday, the dollar closed at $4,691.31 on average, which meant a drop of $57.23 compared to the Representative Market Rate, which for today is $4,748.54.
The minimum of the day was $4,656, while the maximum reached $4,717.9. More than US$1,622.6 million were negotiated through 2,528 transactions.
The US CPI data has an impact on oil and the broader market as it will shape expectations about the speed of interest rate hikes in the world’s largest economy.
US inflation reached 6.5% per year in 2022 and core inflation at 5.7%. Last year the figure peaked at 9% and analyst projections were that the headline CPI figure for December would hit 6.5%.
Excluding food and energy, the consumer price index rose 0.3% last month and 5.7% more than a year earlier, according to a Labor Department report on Thursday. Economists see the indicator, known as the core CPI, as better than the general measure.
The barrel of Brent oil, the reference for Colombia, rose 2.13% to US$84.43; while WTI rose 1.89% to US$78.87.
China, the world’s biggest oil importer, is reopening its economy after the end of strict Covid-19 restrictions, raising optimism that demand for fuel will grow in 2023.
The market is also bracing for a further curb on Russian supply due to sanctions over its invasion of Ukraine.
The US Energy Information Administration said the upcoming EU ban on maritime imports of petroleum products from Russia on February 5 could be more damaging than the EU ban on maritime imports of crude oil. from Russia applied in December 2022.