The dollar rises this Friday but is expected to close the week below $4,300.

The price of the dollar in Colombia rose this Friday, April 2, driven by the release of U.S. unemployment data for April, which turned out to be better than analysts expected.

According to the Colombian Stock Exchange, the US dollar is trading at an average price of $4.232, up 10 pesos compared to the daily exchange rate of $4.222.

Foreign currency returns to trading in the Colombian market after the Labor Day holiday.

Unemployment in the United States in April remained at 4.2%, the same level as in March, with a steady 177,000 new jobs created, the Bureau of Labor Statistics (BLS) reported Friday.

Job gains were slightly above the average for the previous 12 months and were primarily due to hiring in the healthcare, financial services, social assistance, transportation, and warehouse sectors.

The data released this Friday allows the Federal Reserve (Fed), which meets next week to decide on interest rates, to remain cautious about the need to continue cutting interest rates, as both prices and the labor market remain within expectations.

PORTFOLIOWith information from EFE