Dollar retreats as crude rises 3% after Iran ceasefire announcement

The dollar retreated Monday from its highest level in nearly two months, while oil prices rose more than 3% after Iran's announcement ending attacks on Israel.

In Colombia the currency closed Friday at 3,588.12 pesos, up 22.8 pesos from the TRM of 3,565.32. There were 1,684 transactions worth 1,451 million dollars. Brent futures gained 3.08 dollars, or 3.3%, to 96.17 dollars a barrel. West Texas Intermediate rose 3.37 dollars, or 3.7%, to 93.91 dollars. The Iranian army announced its first wave of attacks had concluded, though it threatened to resume them if Israel continues its offensive in Lebanon. Israel bombed a petrochemical plant in southwest Iran. President Donald Trump demanded that Israel and Iran 'stop shooting immediately'. The exchange followed Israeli attacks on Hezbollah strongholds in Beirut.

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Wall Street traders celebrate stock market rally on screens showing Dow Jones and BMV surges after US-Iran truce news.
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Markets rally after US-Iran two-week truce announcement

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Wall Street and Mexico's BMV stock markets closed sharply higher on Wednesday, reacting to Tuesday's post-market announcement of a two-week truce between the US and Iran—including negotiations and gradual reopening of the Strait of Hormuz—following President Trump's ultimatum. The Dow Jones surged 2.85%, while the BMV's IPC climbed 2.47%. The Mexican peso strengthened up to 1.9% against the dollar.

The US dollar ended the session at 3,644.61, down 22.45 from the prior TRM. The move aligns with crude prices rising over 2% after US attacks on Iran.

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The US dollar closed higher against the Colombian peso at $3,576.10, up $2.80 from the TRM of $3,573.30. The rise followed a new government repurchase of global bonds, the third in the past year. Meanwhile, crude oil prices fell amid expectations of US-Iran peace talks.

Argentine stocks fell and dollar bonds rose on Thursday, April 9, amid doubts about the sustainability of the US-Iran truce. ADRs posted losses of up to 5.5%, as oil prices neared US$100 per barrel again. Wall Street also closed lower.

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The Mexican peso strengthened against the US dollar on April 20, trading at 17.30 pesos per dollar according to Banco de México, due to a slight weakening of the greenback tied to geopolitical disagreements with Iran. Experts indicate the peso's outlook will be shaped by geopolitics and key economic data. The exchange rate in bank windows reached 17.76 pesos.

Global markets reacted optimistically to a two-week truce announcement between the United States and Iran, boosting stocks and bonds while oil prices plunged. President Donald Trump confirmed a regime change in Iran and talks on sanctions relief. In Argentina, the country risk index dropped below 570 basis points.

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The South Korean won opened at 1,503.2 against the U.S. dollar on Thursday, down 3.5 won from the previous session, amid mixed signals on U.S.-Iran talks to end their monthlong conflict. The White House said Wednesday that the two sides had held 'productive' discussions, while Tehran insisted no negotiations took place. Global oil prices have surged with the Strait of Hormuz effectively closed, raising concerns for energy-import-dependent South Korea.

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