The dollar records another day of stable prices amid high global uncertainty.

The price of the dollar in Colombia recorded its second stable day this Wednesday, as the market traded cautiously amid expectations of a truce between Iran and Israel.

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According to the Stock Exchange, the foreign currency fell slightly and is trading at an average price of $4.079 , that is, losing 2 pesos compared to the daily TRM of $4.081.

The week progresses in an environment of high uncertainty, marked by the escalating conflict in the Middle East and direct U.S. intervention, which has driven flows toward the dollar as a safe haven asset.

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For Rodrigo Lama, Chief Business Officer of the Latin American fintech company Global66, other traditionally defensive assets such as gold are trading indecisively, while the VIX volatility index shows mixed performance.

According to the expert, despite the increase in risk and volatility, the thesis of a weaker dollar globally in the medium term remains .

However, he warns that in the short term, the dollar could continue to act as a safe haven asset, which would give it an upward momentum, especially in the event of a potential escalation of the conflict in the Middle East.

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For the analyst, if the conflict worsens, we could see the dollar rise above 100 points again, with a decline only likely in the event of diplomatic initiatives or a cessation of hostilities .

In this scenario, the effects of the trade war and this week's macroeconomic news would temporarily fade into the background.

Global66 projects that the dollar will move in a downward trend this week, with a support price of $4,060 and a resistance price of $4,100.

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