Markets take refuge in assets due to political tensions

Gabriel Forero Oliveros – [email protected]

At the end of the day, the dollar had an average price of $ 3,402.36, which represented an increase of $ 29.6 against the Representative Market Rate, which for Friday the Financial Superintendence set at $ 3,377.72.

In Friday's operation in the local market, the maximum value reached by the currency was $ 3,420, while the minimum was $ 3,385, in addition, according to the Set-FX platform 1,697 operations were made for an amount of US $ 1,028 million, which led to the currency closing at $ 3,416.4.

In the international market, according to Reuters, "the dollar rose after erasing its losses due to a reduction in short investor positions, because concerns about weaker global growth and political tensions increased its attractiveness as a refuge" .

According to the agency, Richard Falkenhall, currency strategist at SEB, said that "as long as the global growth landscape remains uncertain and geopolitical tensions do not diminish, we expect the current exchange market trends to continue."

In general, the dollar picked up a basket of coins and broke a two-week streak of losses, while the markets are still attentive to trade negotiations between the United States and China in Washington, prior to high-level discussions next month.

On the other hand, oil prices erased their high profits and were mixed. . The WTI barrel reference earns 0.17% to US $ 58.23, while Brent's loses 0.09% to US $ 64.34 per barrel.

The oil market is attentive to the evolution of the value of crude oil since Saudi Aramco expects that the total production of Khurais, one of the two oil complexes attacked on September 14, will resume in its entirety before the end of September.

"Aramco is sending material from the United States and Europe to rebuild the damaged facilities, said Fahad Abdulkarim, general director of Aramco for oil exploitation in the southern zone," Reuters said.


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