The dollar opened at an average of $3,768.98, which represents a drop of $16.72 compared to the Representative Market Rate (TRM) of $3,785.70 for today’s session.
The opening price recorded by the Set-FX platform was $3,770, reaching a high of $3,782.50 and a low of $3,761.20. During the day, US$31 million was negotiated in 94 transactions.
U.S. stock futures rose after Russia said it was taking steps to “reduce” the conflict, promising to reduce military operations, and offering the possibility of a meeting between Vladimir Putin and his Ukrainian counterpart, Volodymyr Zelenskiy, to seal a potential deal. .
Government bond yields rose as US aggressive monetary tightening hurt shorter-term Treasuries. Inversions along the curve, where some short-term rates outperform long-term yields, signal concerns about an impending economic downturn as the Federal Reserve raises interest rates to quell high inflation.
Germany’s two-year interest rate turned positive for the first time since 2014, and the quarterly London Interbank Dollar Rate broke 1% for the first time in nearly two years.
European stocks rose to their highest level in more than a month, while energy and commodity stocks underperformed.
Global stocks rose from lows reached after Russia’s invasion of Ukraine. This kind of resilience contrasts with falling bonds and inverted yield curves that have rattled the economic sentiment. Investors are trying to analyze the evolution of the war, high raw material costs and the Fed’s struggle against price pressures.
“It makes sense to think about these growth risks, but it makes sense to think about it from a slowdown perspective for this year, not a recession,” Julia Wang, global market strategist at JPMorgan Private Bank, told Bloomberg Television.
Ukrainian negotiators said there was ample ground in the talks to hold a meeting between Putin and Zelensky, after talks in Turkey ended on Tuesday.
As signs of strategic divisions within NATO’s ranks emerged and the United States planned to tighten sanctions against Russia, the country made a $102 million interest payment while continuing to pay off its foreign bonds. Russia has offered to buy back the dollar in rubles due next week, without saying how much of the $2 billion eurobond it can buy back.
US WTI crude fell 5.29% to US$100.36 per barrel, while European Brent crude fell 5.05% to US$103.96 per barrel. The latter is the one often used as a reference for Colombia.
Kazakhstan will lose at least one-fifth of its oil production in a month after the mooring points used to export crude oil from the Caspian Pipeline Consortium (CPC) were damaged by the storm, the Energy Ministry said.
The Organization of the Petroleum Exporting Countries and its allies (Opec+) are also expected to continue their modest production increase plans in May this week, despite rising prices due to the Ukraine crisis and US orders. offer.
OPEC+’s mission is to stabilize markets and generate as much supply as possible, UAE Energy Minister Suhail al-Mazrouei said on Tuesday.
The Organization of the Petroleum Exporting Countries added that removing any partner from the oil alliance, which includes Russia and other allies, will only increase prices.
Oil prices came under pressure early Tuesday and fell as low as $2 ahead of Ukraine-Russia peace talks in Turkey, the first talks in more than two weeks.
Source: Lare Publica