• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Dollar opens at 3,145 pesos and trades higher ahead of Fed decision

FinanceColombiaRevista Semana40 s readAI summary
Image: Revista Semana

The dollar opened the session at 3,145 pesos and in the first minutes hit a low of 3,145 and a high of 3,155, averaging 3,151.87, a slight upward move against the current TRM of 3,148.02 pesos. Traders expect the Federal Reserve to keep rates in the 3.75% to 4% range, while in Colombia attention is on the Banco de la República board meeting and the filing of the economic rescue bill.

In 40 seconds

  • The dollar opened at 3,145 pesos and averaged 3,151.87 in the first minutes, above the TRM of 3,148.02 pesos.
  • The market prices a 93% probability that the Fed keeps its rate steady in October, according to a Banco de Bogotá report.
  • In Colombia, attention is on the Banco de la República board meeting and the filing of the economic rescue bill.
Read the full story at Revista Semana

IASummary generated by artificial intelligence from a story by Revista Semana. It may contain errors: the original source prevails.

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