Dólar hoy baja en Colombia y cae de 4.600 pesos por inflación en Estados Unidos

The behavior of the dollar this Wednesday (July 13) has been typical compared to the upward trend that it maintained and that analysts attributed to the fear of recession in the United States and to the uncertainty due to the change of government in Colombia.

The trend has been constant for much of today’s session. The dollar went from registering a maximum price of 4,670 pesos to have a slump of less than 4,500 pesos, the minimum reached is 4,484 pesosaccording to the Colombian Stock Exchange; that is, the difference has been close to 200 pesos.

The international environment is the main factor influencing the behavior of the dollar this Wednesday, day on which it became known that inflation in the United States continued to accelerate in June, reaching 9.1% at 12 monthsits highest level since 1981, tightening more on American families and increasing pressure on President Joe Biden, whose popularity is declining in the face of incessant famine.

The consumer price index (CPI) threatens growth as consumption is the lung of the US economy and punishes Biden a few months before elections for Congress.

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The president considered last month’s price increase “unacceptably high” but considered the data to be outdated.

“Yes ok today’s headline inflation record is unacceptably high, also outdated“, Biden said in a statement.

“Today’s figures do not reflect the full impact of almost 30 days of falling gasoline prices,” the president stressed.

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The recent fall in prices has given “an important respite to American families. And other basic products such as wheat have decreased since said report.“, Biden said in a statement.

Euro falls below the price of the dollar

On this same day, a historic event was recorded: the euro fell briefly below the dollar for the first time since the end of 2002.

The price of the euro fell this Wednesday briefly below the dollar for the first time since December 2002, breaking a symbolic threshold, weighed down by the gloomy prospects for the European economy due to fears that the supply of Russian gas will be suspended.

At a time of rising inflation in the United States, which opens the door to a contractionary monetary policy by the Federal Reserve (Fed), the euro traded at $0.9998 around 12:45 GMT.

Afterwards, the European single currency rallied.

Fears about a total cessation of Russian gas deliveries to Europe are gaining strength and the French government this weekend evoked a “probable” supply cut.

with AFP