Dollar in Colombia Reaches New Highs Amid US Inflation Data
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Insights by Echo AI
The dollar in Colombia rose to a maximum of $3,309.99 on Tuesday, November 10, after higher-than-expected US inflation data was released. The US currency gained $27.45 against the Representative Tax Rate (TRM), with the session also marked by expectations that the Federal Reserve (Fed) could raise interest rates more aggressively before the end of the year. The dollar in Colombia reached new highs after US inflation data surprised on the upside, with the currency gaining $27.45 against the TRM in a single session.
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