Dollar trades lower in Colombia as investors digest U.S. durable goods data

Primera Página – Agencia de Noticias –

Bogotá. – The dollar trades lower in Colombia on Tuesday amid data showing that U.S. manufacturing durable goods declined more than expected in January.

According to data from the SET-FX system, the dollar is trading at $3,938.00 down $19.59 against its Monday spot close of $3,957.59 and $7 against today’s open of $3,945.00.

On the SET-FX trading system the U.S. currency fluctuates between a low of $3,935.20 and a high of $3,949.70. US$131 million has been traded in 338 operations. It recorded an average of $3,941.40.

Internationally, the DXY index, which trades on the New York Stock Exchange, is down two points or 0.02% to 103.81 points.

U.S. Durable Goods

Durable goods orders fell 6.1% in January, the U.S. Census Bureau has released.

This is the largest drop recorded by the indicator since April 2020, at the height of the first wave of the covid pandemic.

In addition, the December figure has been revised downward, showing a 0.3% drop versus the 0% drop released a month ago. The 6.1% decline worsens the market outlook, as a 4.5% drop was expected.

Excluding Defense, orders are down 7.3%, also suffering their largest decline since the early months of the coronavirus pandemic. The December figure has been revised down to 0.1% from the 0.5% previously published.