[ad_1]
The US currency has already reached a maximum price of 4,007 pesos on Monday, May 4, but on average it is traded on the Colombian Stock Exchange at 3,995.40 pesos, according to the Set-FX portal.
The rise in the price of the dollar starting the week occurs, according to analysts consulted by dataiFX, for the effects of the declarations of the president of the United States, Donald Trump, that assure that the coronavirus was created in a laboratory in Wuhan, China, and that portend a new trade war between the two countries.
YOU MAY ALSO LIKE
“It is given by an increase in global risk aversion due to an increase in tensions between the United States and China over a possible new trade war. This increase in risk is what it is generating is that market agents are looking for safe-haven assets (dollar), ”said Raúl Moreno, analyst at Global Securities.
The fear that tensions over the coronavirus will provoke a new trade war between the two powers not only has the Colombian dollar rising, the accusations also led the world’s stock markets to fall; last week, The three main indexes of the New York Stock Exchange closed with falls of between 2.6% and 3.2%, and the Asian Stock Exchanges opened this Monday after a three-day weekend.
[ad_2]
