There was an increase in the value of the dollar compared to the previous session. Political tension is escalating.

The US dollar operates at an average of 3,873.21 Colombian pesos, representing a change of 0.89% compared to the 3,838.93 pesos from the previous session.

In terms of performance over the past week, the US dollar has decreased by 0.15%, and over the past year, it still maintains a decline of 7.28%.

Regarding previous days, it is difficult to determine a clear direction due to existing fluctuations. In the past week, volatility is lower than the figures achieved over the past year (14.83%), indicating that it is experiencing a period of greater stability in recent dates.

The Banco de la República de Colombia forecasts that by the end of 2024, the exchange rate will average 4,081 pesos per dollar. This is an encouraging forecast, far from the peaks that the national currency experienced between late 2022 and early 2023.

Regarding inflation, the forecasts are also positive. A downward trend is expected, with inflation decreasing to 5.61%, still far from the ideal three percentage points but not hovering around the 10% mark reached in previous months.

However, this contrasts with the GDP growth forecasts, as the central bank expects it to be 1.2% in 2024.

The Ministry of Foreign Affairs broke its silence regarding the electoral situation in Venezuela. Minutes after Venezuelan opposition leader María Corina Machado spoke at a press conference about the impossibility of registering the candidacy of Corina Yoris within the stipulated deadline for the elections on July 28, the Foreign Ministry issued a press release expressing its concern.

The statement reported that between March 23 and 25, President Gustavo Petro and acting Foreign Minister Luis Gilberto Murillo held communications and conducted diplomatic efforts to urge the parties in Venezuela to comply with the Barbados Agreement, of which Colombia has been an observer and supporter.