2024-07-11 13:04:27
The day started with US annual inflation data for June, which came in at 3.0% below market expectations by 3.1%.
According to Mauricio Acevedo, currency and derivatives strategist at Corficolombiana, the market has shown downward movement, and it will be reflected in fluctuations.and the dollar may continue a downward trend.
The currency opened at an average of $3,964.09, settling at $15.82 below the Representative Market Rate, which would be $3,979.91 today.
“The June CPI report appears to be another ‘very good’ report that should boost Fomc’s confidence in the inflation path.”said Anna Wong of Bloomberg Economics. “That should set the stage for the Fed to start cutting rates in September.
Oil prices
Oil rose for a second day as US crude inventories fell against the IEA’s announcement that demand growth is slowing.
According to Bloomberg, crude oil prices were stable on Thursday, with Brent above $85 a barrel, as investors weighed a more pessimistic view of demand growth. by the International Energy Agency (IEA) with signs of an increase in consumption in the United States.
Brent futures LCOc1 rose 21 cents, or 0.25%, to $85.29 a barrel, while US West Texas Intermediate (WTI) CLc1 gained 13 cents, from 0,16%, and US$82,23.
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