downfall in Colombia due to elections in USA 2020



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The dollar opened with a price of 3,801 pesos, more than 20 pesos below the Representative Market Rate (TRM) that governs this Wednesday (3,823.45 pesos).

The downward trend continues and the currency already registers a minimum price of 3,792 pesos, and an average of 3,797.86 pesos, according to the Colombian Stock Exchange. The maximum value reached is 3,801 pesos.

The behavior of the dollar today is directly linked to the uncertainty generated by not yet knowing the name of the president of the United States, after the elections that were held this Tuesday in that country.

According to Blu Radio, the dollar would remain strong, as in recent years, if Donald Trump wins. If Joe Biden wins, the US currency could show a downward behavior.

To keep the trend, It could take its way to 3,750 pesos.

Meanwhile, the main European stock markets, which had opened the session down due to the uncertainty surrounding the US presidential elections, have turned around and are now trading green, except for Madrid, which has reduced its losses.

At midday, Paris was up 1.05%; Milan, 0.74%; Frankfurt, 0.67%; and London, 0.45%. On the contrary, Madrid lost 0.64%.

Previously, in Asia, Tokyo had gained 1.72% and Seoul, 0.60%, although Hong Kong had fallen 0.21% weighed down by the suspension of Ant’s IPO.

Asian markets, except Hong Kong, have maintained the positive tone driven by the bullish close of Wall Street, which gained 2% in the session on Tuesday.

With EFE.



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