Downside risks to the dollar continue following the Syrian airstrikes. The dollar weakened after statistics showed hedge funds were the most bearish on the currency in five years. Investors appear comfortable starting the week with risk-taking as short-term geopolitical uncertainties continue to subside for the time being. Friday's (April 13) missile attacks by joint coalition forces (US, UK, and France) in Syria did not trigger a major escalation.
See more
Receive our analysis in your email to stay up to date. Stay connected with the economic situation and the market.
Government issues decree to limit AFP investment abroad, economic emergency is lifted; later, CPI is published
According to the report presented by the National Administrative Department of Statistics (DANE), the year-on-year variation of the Consumer Price Index (CPI) rose to 5.35% in January, from 5.10% in December. This figure is lower than the market estimate (5.40%) and the estimate by Economic Research of Stocks and Securities (5.45%). The monthly inflation figure was 1.18%. This monthly variation was higher than that of December (0,27%).
The global dollar stabilizes as the market assesses geopolitical risks and local risk premiums
