This information is based on statistical studies.
The COP is specifically governed by Drivers (Movements in Other Markets) and Fundamentals (News that are happening or that happen on the same market day).
3 Drivers that impact your performance on a daily basis:
- WTI (Oil): When it rises, the COP falls and vice versa.
- Euro Vs. Usd: When the Euro strengthens in relation to the US dollar, emerging currencies go down, and vice versa.
- Dollar devaluation: the American currency Dx, devalues, when this happens the emerging currencies go down, when the Dx s strengthens, the emerging currencies rise:
Fundamentals Thursday October 14, 2021:
- Stock markets rise despite inflation fears in the US and Europe.
- Asian stock markets ended the day with mixed results this Thursday, with the strongest rises in stock exchanges such as
- Jakarta and Manila and Kuala Lumpur with the biggest drop of the day.
- European stocks expanded their gains on Thursday, driven by technology and mining stocks, on expectations of a strong earnings season.
- Shares in the US will open higher, despite yesterday posting inflation data slightly above expectations.
- Bitcoin is trading at $ 57,000. For its part, Ethereum stands at US $ 3,700.
- Oil prices rose about 1% this Thursday after the International Energy Agency (IEA) said record prices for natural gas will boost oil demand and major crude producer Saudi Arabia rejected orders for additional supplies from OPEC +.
Dollar For Today 11-14-2021:
COP: Bull market closing at the maximum 3745 after a min 3713.50 with a volume of Us0.9 Billion. Opening at 3740, and trading above the 3750 high.
In the previous day, the USDCOP pair closed at $ 3,745 (+ $ 23.5 compared to the previous close), after an opening at $ 3,719.90, a maximum level of $ 3,745 and a minimum level of $ 3,713.50. The volume traded reached $ 0.9 Billion and volatility of $ 31.50 pesos.
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*This analysis does not represent a guarantee against the average value of the analyzed currency, nor its variations. Efinti is not responsible for any misinterpretation that may be made against the published article.