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Paola Andrea Vargas Rubio – [email protected]
At 1:02 pm, the dollar reached an average price of $ 3,841.56, which represented an increase of $ 31.33 compared to the Representative Market Rate (TRM), which stood for today at $ 3,810.23.
The currency opened the day with a price of $ 3,845 and at the close it was located at $ 3,830.50. The minimum price registered was $ 3,826.10 and the maximum was $ 3,854.90. The amount negotiated was US $ 1 million in 1,528 transactions.
“Following news that pharmaceutical company Pfizer is still unable to determine with certainty in trials how its COVID-19 vaccine protects people from infection, risk assets fell in all regions and markets,” Reuters highlighted.
Added to the uncertainty left by Pfizer’s announcement about it on the way to find an effective antidote against covid-19, is added the increase in new cases of covid-19 and the possible restrictions that some governments would impose to once again contain the spread, as expected to happen in Germany and France in the afternoon.
In addition to what is happening in the old continent, “investors are preparing for abrupt movements in the market, with the greatest focus on the United States, which struggles to contain a second wave of the new coronavirus at a time when the date of the presidential elections on November 3, “detailed Reuters.
In the case of oil prices, both references were registering reductions. WTI lost 4.85% to US $ 37.65 and Brent fell 4.10% to US $ 39.51, according to data shared by Bloomberg at 8:04 a.m.
Oil prices were plummeting due to rising stocks in US oil inventories and the outlook for the pandemic. Both factors began to increase uncertainty about the future of demand among investors.
Harry Tchilinguirian, an analyst at BNP Paribas, told Reuters that “given the strong general stock increase in API figures, it is not surprising that the price of crude is going down this morning as we await the official EIA numbers this late”.
