The price of oil has increased since Russia and Saudi Arabia announced that together will work to stabilize the market. The possibility that interest rates remain low in the United States weakened the dollar.
On the day of this Monday, September 5 prevailed a greater tolerance in the international financial markets, motivated by the results of the labor market of the United States in August, which showed a generation of employment below expectations byanalysts, which suggests a slowdown in the hiring of workers.
As a result, investors reduced the probability (from 42% to 32%, according to data from Bloomberg) Federal Reserve increase its goal of interest rates at the meeting of its open market operations Committee, on 21 September. That is why preferences leaned back into riskier assets, like stocks, whose indexes are valued in most exchanges around the world, including several emerging.
The possibility that interest rates remain low in the United States weakened the dollar against other currencies, including many of the emerging economies.
The price of oil has increased since Russia and Saudi Arabia announced that together will work to stabilize the market. In the case of Brent, the price (US$ 47.7 per barrel) rose 1.8% daily.
Both the greater price of the crude as it greater probability of that the rates of interest remain low in the United States contributed to strengthen the weight. For thesereasons, the dollar was negotiated today on average in the interbank market next day (by the holiday in the United States) in Colombia to $2.925,90, which meant a daily appreciation of 1.1% (or $32).
The spot foreign exchange market did not operate by the closure of financial markets in the United States, due to the celebration of the day of work.
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