Dollar trades higher in Colombia amid doubts about a possible end to Fed rate hikes

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Bogotá. –The dollar in Colombia trades with a slight increase amid the resurgence of doubts about a possible end of the rate hikes in the United States and while investors digest the new figures on China’s exports.

According to data from the SET-FX system, the dollar is trading at $3,995.00 up $18 from Friday’s spot close of $3,977.00 and down $4 from today’s open of $3,990.00. On the SET-FX trading system the U.S. currency fluctuates between a low of $3,967.00 and a high of $3,998.50. US$92 million has been traded in 237 operations. It recorded an average of $3,980.77.

Internationally, the DXY index, which trades on the New York Stock Exchange, is up 0.44 points or 0.42% to 105.67 points.

International

China’s exports contracted 6.4% in October, according to customs administration data that worsen September’s records and market forecasts for this month.

China’s exports contracted by 6.4% in October, according to data from the customs administration that worsen September’s records and market forecasts for this month.

Economists consulted by the Bloomberg economic agency had forecast an average fall of 3.5% in exports, a key factor in Chinese growth.

Another relevant news of the Asian day was the Reserve Bank of Australia’s decision to raise the official rate by 25 basis points (bp) on Tuesday, which is in line with the alerts raised in the United States.