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The opening price of the dollar today was 3,860, well above the representative market rate (TRM) that governs this Wednesday (3,813.30 pesos).
According to the Colombian Stock Exchange, the upward trend has continued and the dollar It already registers a maximum price of 3,863 pesos, and a minimum of 3,832.10.
The rise in the dollar is based on the impact that COVID-19 has on the main economies of Europe.
Meanwhile, the price of intermediate oil of Texas (WTI) opened this Wednesday with an increase of 0.13%, up to $ 39.85 a barrel, pending weekly crude oil reserves data offered by the US Government today and amid fears of a crude oil supply.
At the beginning of the day, WTI futures contracts for delivery in November, the new reference month, were 5 cents compared to the previous session on Tuesday.
US benchmark crude was moving close to the flat line before the Energy Information Administration released national reserve data this morning.
Europe on alert for outbreaks of COVID-19
This Tuesday, the European stock markets closed with mixed results due to positive news about the German economy that has offset the fear of new confinement measures due to the coronavirus pandemic.
The news that the German economy will contract by 5.2% in 2020 Compared to the 6.7% drop forecast previously, it encouraged the Frankfurt Stock Exchange and other European markets, while Paris and Madrid continued with the downward trend after the sharp falls on Monday due to fear of new confinements.
With EFE.
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