The Colombian dollar starts Friday below 3,900 pesos and loses 10 pesos against the daily exchange rate.

In Colombia, the dollar opened trading down at 3,895 pesos, a 10.18-peso drop against the Representative Market Rate (TRM), which was certified at 3,903.18 pesos for the day.

The currency, which yesterday completed five days without reaching records above 4,000 pesos, is at levels it hasn't seen since early June 2024.

The US currency recorded a low of 3,891.40 pesos and a high of 3,897.11 pesos.

Alejandro Guerrero, Credicorp's foreign exchange associate, recalled that today's release of the University of Michigan's consumer sentiment survey will be relevant in the United States.

Yesterday, data showed the largest weekly increase in the number of Americans filing new unemployment benefit claims in four years.

"It's worth highlighting some news that may have some impact at the regional level. First, the sentencing of former President Bolsonaro to 27 years in prison for conspiracy, the meeting between U.S. Treasury Secretary Scott Bessentt in Spain with the Chinese vice premier, who will discuss new trade agreements, and yesterday, Peru cut its interest rate to 4.25 percent, the lowest level since 2022," Guerrero explained.

The analyst remains awaiting the outcome of the 2026 budget discussion, after Finance Minister Germán Ávila proposed a 10 trillion peso cut to Congress, which ultimately failed to pass a vote due to a lack of quorum in yesterday's session.

"Today, there's a chance the government could lower its revenue estimates for next year. The dollar again showed bearish behavior yesterday and broke below the 3,900 peso floor, so today it's expected to remain around 3,880 pesos, although a rebound toward 3,920 pesos isn't ruled out," he added.