Dollar today in Colombia may be affected by the recession in the US. & More Latest News Here

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According to official figures, the US economy fell by 0.1% in the second quarter of the year and fell at an annual rate of 0.6%, confirming a situation of technical recession.

After the recent increase in the official interest rate of 0.75 points, the third consecutive increase of three quarters of a point, the official interest rate of the largest economy in the world goes to in a range of between 3% and 3.25%, the highest level in recent years.

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A report on consumer spending and prices published today showed that inflation continues to rise, but despite this US households increased their purchases during the month of August.

In other markets, Texas oil fell to 80.63 Dollars the barrel, 10-year US bond yield fell to 3.732%gold rose to 1,680.3 dollars an ounce and the dollar gained ground against the euro, with a change of 0.979.

(see also: Dollar, triggered in Colombia: rises at a price rarely reached in history).

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Wall Street opened this Friday on mixed terrain, and its main indicator, the Dow Jones Industrials, lost a slight 0.04%, while the other indices fluctuated in these first compasses of the day between red and green.

The Dow Jones, subtracted 12.36 points, up to 29,213.35 units, while the Nasdaq, which brings together the main technologicalrose 0.25% or 27.12 integers, to 10,764 points.

How the recession in the United States affects Colombia

One of the main effects, according to Portfolio, may be the drop in exports that were sent from Colombia to the United States.

that country was the main recipient of Colombian products last July, with 26% of the total exportsadded that medium.

Another hard blow would be that of the dollar. The United States would seek to strengthen its currency and, in doing so, would depreciate the value of weaker currencies like the Colombian peso.

Dollar today in Colombia may be affected by the recession in the US.
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