Investor confidence was shaken by President Donald Trump's comments, in which he said the United States was ready to impose new tariffs on Chinese products, this time worth US$267 billion. In line with this, the global stock market ended the session in mixed territory. The US unemployment rate, which remained stable at 3.9% in August, was not strong enough to prevent declines in Wall Street indices. Individually, we highlight the resignation of the chief accounting officer of the vehicle manufacturer Tesla, arguing that CEO Elon Musk was not interested in accounting strategies to improve the company's performance. Additionally, the stock's value so far in September has depreciated 12.3% compared to the US$280.95 at the close of August.See more
Inflation and exchange rate: Inflation surprises and resumes upward pressure: How does the TRM interpret it?
For the foreign exchange market, the surprise in the March data and the expectation of a more restrictive monetary policy for a longer period have strengthened one of the currency's main structural supports: the carry channel. This feature continues to give the Colombian peso significant appeal, particularly in an environment where the global dollar has lost some momentum, but the selection process within Latin America has become more demanding.
