Dollar at 3,950 before October 1, 2023

14 thg 7, 2023

We have good numbers in the macro, CPI 3% in the USA, it is most likely that interest rates will not rise in the United States given the good results, therefore interest rates in Colombia should not rise any more, if we analyze the money supply In Colombia, with respect to GDP, it has been decreasing after the pandemic. Stocks in the United States will enter a bullish market and the dollar will continue to fall. We will have a dollar at 3,950 in Colombia before October 1st as long as the local environment is stable in the markets, an example could be if President Gustavo Petro does not print money. As indicated in the graph, there may be two scenarios where the dollar rises to 4,200 before reaching 3,950, however according to my idea, regardless of the path in these next few days, the final destination would be 3,950 before October 1.