The local currency ended the June 5 session at 3,588.12 pesos, up 22.8 pesos from the TRM of 3,565.32 pesos.
The currency recorded a low of 3,564 pesos and a high of 3,613.76 pesos during the session, in which 1,684 transactions worth 1,451 million dollars took place. Mauricio Acevedo, strategist at Corficolombiana, noted that the currency's movement responds mainly to the domestic electoral context, as investors await outcomes before June 21. The analyst added that U.S. employment data, due for release on June 6, are also influencing the market, with expectations of 85,000 new jobs and an unchanged unemployment rate at 4.3 %.
