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The real reasons behind the rise of the U.S. dollar
The price of the dollar and its arrival again at $4,000, increases the concern of investors and citizens who seek to find the reason for the sudden rise in this currency and the tendency to continue increasing in the long term.
Analysts in Colombia talk about the reasons for this rise that has been a constant during the government of Iván Duque regarding the depreciation of the currency.
Among them we find the consequences of the National Strike, and the market responses to the increase in the Minimum Wage.
Despite the fact that today oil has resumed levels that touched US$80 per barrel after suffering a large drop due to the pandemic, the Colombian currency has not recovered its levels of yesteryear, taking into account that since 2018 the dollar has never been below $3,000 again.
Source: “Economy” section – Caracol
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