Not even penguins were spared from Donald Trump's tariffs, with the remote Heard Islands in Oceania, home only to penguins, being included in the US tariff list. The move aimed to prevent the islands from becoming a free trade zone and a hub for exports evading tariffs. Meanwhile, Colombia initially faced uncertainty due to Trump's tariff threats but is expected to benefit significantly from its proximity to the US and relatively low tariffs compared to other nations, such as Vietnam, which faces a 56% tariff rate. This could boost Colombia's competitiveness starting in 2026.
Several factors contribute to Colombia's economic resilience: - Prudent management by the Central Bank*: Effective handling of foreign currency reserves and gold sales. - Tourism sector growth*: Increased tourism activity supports the local economy. - High oil prices*: Colombia benefits from the current high oil prices. - Record remittances*: Historically high levels of remittances from abroad.
These factors have strengthened the Colombian peso against the US dollar, with an expected exchange rate of around 4,300 pesos per dollar in 2025
In Colombia, the monetary policy interest rate remains at 9.5% since December. However, it is still above the 3% target set by the Bank of the Republic. It is expected that inflation will continue to decrease gradually towards the target over the next two years.
Colombia's economic activity has also shown signs of recovery, with growth of 1.8% in 2024. It is expected that this growth will accelerate in 2025 and 2026, reaching a level close to its productive capacity in 2026.
Regarding interest rates for loans, these vary depending on the type of loan. Consumer and ordinary loans have an effective annual interest rate of 17.53%, while large productive loans have an effective annual interest rate of 27.15%
In summary, the monetary policy interest rate in Colombia remains at 9.5% to support economic recovery and control inflation. Inflation has decreased significantly, but is still above the 3% target. Economic activity has shown signs of recovery and is expected to continue growing in the coming years.
In a surprise turn of events, the Colombian peso (COP) has emerged as a top performer in the foreign exchange market. Despite being a traditionally volatile currency, the COP has shown remarkable resilience and strength in recent weeks.
According to market analysts, the COP's winning streak can be attributed to a combination of factors, including a surge in oil prices, a stable political environment, and a robust economic growth outlook. As a result, investors have been flocking to the COP, driving up its value against major currencies such as the US dollar. My prediction for the the dollar in March is 4.070 pesos and the Euro 4.235 pesos
Looking ahead, experts predict that the COP will continue to win for the next few weeks. With oil prices expected to remain high and the Colombian economy showing signs of continued growth, the COP is likely to remain a top performer in the foreign exchange market. As such, investors and traders would do well to keep a close eye on the COP's movements in the coming weeks.
DIPLOMATIC CRISIS WILL INCREASE DOLLAR IN COLOMBIA
The tariffs from President Trump are expected to lead to a sharp devaluation of the Colombian peso back to 4.400 pesos in the next few days, making imports more expensive and potentially triggering higher inflation.
This, in turn, will cause the dollar to jump in value against the peso. In fact, the Colombian peso has already been the most devalued emerging market currency over the past month, with a devaluation of over 5%
The impact of the tariffs will be felt across various sectors of the Colombian economy, including manufacturing, agriculture, and services. The Colombian government will need to take swift action to mitigate the effects of the tariffs and prevent a sharp decline in economic growth.
The rise in oil prices has been one of the factors that has generated uncertainty in the Dollar.
The decline of the dollar in Colombia is partly due to the sale at high prices of the barrel of crude oil, remaining above 75 USD for an extended period; coinciding with the increase in Remittances to the country of 15% in 2024. Furthermore, the Bank of the Republic made profits of over 100 million dollars by the end of the year. My prediction is that the dollar will be around 4,300 pesos in the coming days, but with a slight rebound (bullish) on January 18 or 19, due to Trump's inauguration in the American presidency.
"The Chinese Yuan: An Inevitable Decline in the Next 6 Months"
The Chinese Yuan, also known as Renminbi (RMB), has been experiencing a downward trend in recent months. According to analysts, this trend will continue in the next 6 months due to the liquidity policies implemented by the Chinese central government.
The Chinese government has been injecting liquidity into the economy through bond issuance and tax cuts. This has led to an increase in the money supply in the economy, which in turn has put downward pressure on the value of the Yuan.
Furthermore, the Chinese economy has been experiencing slower growth in recent years, which has led to an increase in pressure on the government to implement stimulus policies. However, these policies may have a negative impact on the value of the Yuan in the short term.
"Central Banks Embracing Bitcoin: A New Era of Adoption"
In a significant shift, central banks around the world are increasingly embracing Bitcoin and other cryptocurrencies. Once viewed with skepticism, Bitcoin is now being recognized as a legitimate store of value and a potential tool for monetary policy. #BTCNewATH
The Central Bank of Sweden, for example, has announced plans to launch a digital currency, the e-krona, which will be based on blockchain technology. Similarly, the Bank of England has launched a research project to explore the potential of central bank-issued digital currencies.
Other central banks, such as those in Singapore, China, and Japan, are also exploring the use of blockchain technology and digital currencies. This growing interest in Bitcoin and other cryptocurrencies reflects a recognition of their potential to increase efficiency, reduce costs, and improve financial inclusion.
As central banks continue to explore the potential of Bitcoin and other cryptocurrencies, we can expect to see increased adoption and integration into mainstream financial systems. Therefore, my prediction on $BTC is 150.000 by February 2025
Instead, BlackRock is focusing on expanding the reach of its Bitcoin and Ethereum ETFs, which have seen impressive inflows since their launch earlier this year.
Personally, I believe all they're doing is pushing the price of XRP down so they can buy it a lot cheaper. I think XRP has a lot of upside still, but it will correct between 20 and 30% before going up at least up to 5 dollars in 2025, which make it perfect for accumulation purposes and a windfall of at least 2X in the next 6 months.
EURO FOR THE EURO IN 2025 EURO IN 2025 Given the current global conditions, I foresee a dual scenario for the euro versus the dollar. If the euro surpasses the resistance of 1.06 dollars, we will see a 5% increase. What does this mean for Europeans? Lower inflation and greater purchasing power to travel to countries like the United States in 2025.
But if the euro drops below 1.05, the next scenario will be as follows:
On one hand, the increase in import prices could lead to a decrease in consumer purchasing power. On the other hand, the rise of the dollar could also affect the availability of certain products, as European companies might decide not to import products that become too expensive due to the change in the exchange rate. At this moment, the euro is around 1.05 cents per dollar.
In summary, the rise of the dollar in Europe could have a significant impact on consumers, as it could lead to an increase in import prices, a decrease in purchasing power, and a possible decrease in the availability of certain products. It is important for consumers to be aware of these changes and adjust their consumption habits accordingly. My prediction is that the euro will fall by 5% in the next 6 months.
In the world of cryptocurrencies, Ripple (XRP) has been one of the most popular and controversial assets in recent years. Despite its volatility, many investors and experts believe that XRP has the potential to reach new highs in the future.
One of the most ambitious goals for XRP is to reach $5 . Although it may seem like a distant goal, there are several reasons why this could be possible. Firstly, XRP has demonstrated great resilience in the market over the years. Despite market fluctuations, XRP has managed to maintain its value and remains one of the most popular cryptocurrencies in the world.
Secondly, Ripple, the company behind XRP, has been working hard to expand its reach and improve its technology. The company has established partnerships with some of the world's most important financial institutions, which has helped to increase the adoption of XRP.
Thirdly, the cryptocurrency market is constantly evolving. As more people and businesses begin to use cryptocurrencies, it is likely that the value of XRP will increase.
Although reaching $5 may seem like an ambitious goal, there are several scenarios that could make this possible. For example, if Ripple manages to establish partnerships with more financial institutions and increase the adoption of XRP, the value of the cryptocurrency could increase significantly.
Additionally, if the cryptocurrency market experiences a surge similar to the one in 2017, it is likely that the value of XRP will increase along with other cryptocurrencies.
In conclusion, although reaching $5 this year or in the first quarter of 2025 is very possible.$XRP
$$Dogecoin The Unstoppable Rise of Dogecoin: The Trump Effect and the Alliance with Elon Musk
Dogecoin, a cryptocurrency that started as a joke in 2013, continues to surprise investors with its impressive rise. Despite its humorous origins, Dogecoin has proven to be a cryptocurrency with great growth potential.
The "Trump effect" is one of the factors contributing to this rise. The uncertainty and volatility generated by the policies of the former U.S. president have led many investors to seek refuge in alternative assets like cryptocurrencies.
Additionally, the alliance between Elon Musk and Donald Trump has generated significant interest in Dogecoin. Musk, known for his influence in the cryptocurrency market, has expressed his support for Dogecoin on several occasions. The alliance with Trump could lead to greater recognition and adoption of Dogecoin. With these factors at play, it is likely that Dogecoin will continue to rise up to 1 USD by December 2024#DogecoinCommunity #doge⚡
Colombia, throughout its history, has demonstrated a lack of preparation for various emergencies, such as forest fires, landslides and droughts. This vulnerability has been highlighted once again by the recent internal wave of floods that is wreaking havoc in departments such as Chocó and La Guajira. The situation is critical and its consequences on the national economy could be devastating.
The immediate impact of these floods includes food shortages, as the affected agricultural areas cannot produce or transport their products. The destruction of vital infrastructure, such as bridges and roads, due to their poor maintenance, further aggravates this crisis. These combined factors are leading to a significant slowdown in the Colombian economy.
In this context, the value of the US dollar has experienced a considerable increase. Economic uncertainty and lack of confidence in the government's ability to handle these disasters have driven investors to seek refuge in more stable currencies. The devaluation of the Colombian peso against the dollar adds pressure to an already shaky economy.
The consequences of the rise of the dollar are not limited to the economic sphere. Prices of imported goods are skyrocketing, affecting the cost of living of citizens. In addition, the increase in the costs of importing inputs for the national industry could further slow down production and economic recovery.
To face these challenges, it is imperative that Colombia develops robust and sustainable strategies for emergency management. Investment in infrastructure and strengthening disaster response policies are essential to mitigate future impacts and improve the country's resilience to extreme weather events.
The implementation of policies by Donald Trump since his first day in office in January, such as the expulsion of around 8 million undocumented immigrants to their home countries, will have a significant impact on the remittances of dollars to Latin American countries. This, in turn, will depreciate foreign currencies due to an increase in unemployment, lower local consumption, and high inflation in Latin America.
According to experts, the reduction of remittances will negatively affect the economy of countries like Mexico, which rely heavily on the remittances of their citizens abroad. This could lead to a decrease in demand for goods and services, which in turn would affect the economic stability of the region.
Additionally, Trump's trade policy, which includes tariffs on imported products from China and other countries, could also have a negative impact on foreign currencies. Tariffs could increase the prices of imported goods, which would reduce demand and affect the economy of exporting countries.
In summary, Trump's policies could have a significant effect on foreign currencies, especially in Latin America, due to the reduction of remittances and the protectionist trade policy.
*Economic Consequences*
- Reduction of remittances: decrease in the amount of money that immigrants send to their families in Latin America. - Increase in unemployment: reduction in the demand for goods and services due to the decrease in remittances. - Inflation: increase in the prices of imported goods due to tariffs.
Just as I predicted, #BITCOIN on its way to 80K USD If you want to support my channel please subscribe, LIKE or send Gift if you wish. Thanks!
CryptoLatino
--
Bullish
*Bitcoin in Full Price Discovery: Predicted to Surge
Bitcoin (BTC) has been on a remarkable journey this year, breaking past several key resistance levels. I predict that Bitcoin could reach $80,000 in coming weeks, driven by a combination of factors including increased institutional adoption, positive market sentiment, and the recent presidential winning elections of DonaldTrump.
This trend, combined with recent market momentum, indicates that Bitcoin is reaching the $80,000 in November 2024
*Bitcoin in Full Price Discovery: Predicted to Surge Bitcoin (BTC) has been on a remarkable journey this year, breaking past several key resistance levels. I predict that Bitcoin could reach $80,000 in coming weeks, driven by a combination of factors including increased institutional adoption, positive market sentiment, and the recent presidential winning elections of DonaldTrump.
This trend, combined with recent market momentum, indicates that Bitcoin is reaching the $80,000 in November 2024
The rise of the euro in Colombia, which is expected to continue to rise in November 2024, is due to several economic and political factors. One of the main ones is the export balance with Europe, where key products such as oil, coffee, bananas and Hass avocados have seen a reduction compared to 2023. This decrease in exports negatively affects the entry of foreign currency into the country, weakening the local currency against the euro. Another relevant factor is the increase in the policy
The #dólar US dollar broke the barrier of 4,400 Colombian pesos #cop in today's session, due to the drop in oil prices in international markets. This decline in crude oil prices has generated a higher demand for the US currency, which has put upward pressure on its value.
My prediction is that the dollar $USDC could rise even further, reaching levels of up to 4,500 pesos in the coming weeks. This is because the Colombian economy remains vulnerable to changes in oil prices, the country's main export product.
The rise of the dollar will have a significant impact on the Colombian economy, especially in the import and export sectors. Consumers will also feel the effect in their pockets, as the prices of imported products will increase. The government and the Bank of the Republic will need to take measures to mitigate the impact of this rise in the dollar.
México's political risk has driven the dollar's value higher in Latin América. Policy uncertainty and tensions between the government and private sector have weakened the Mexican peso. Investors seek safer assets, boosting demand for the dollar. This trend ripples across Latin América, where currencies are closely tied to the peso. Argentina, Colombia, and Chile's currencies have also depreciated. A strong dollar increases import costs, fueling inflation concerns. Central banks may raise interest rates to stabilize their currencies. México's political climate will continue shaping the region's economic outlook, influencing dollar pricing and trade dynamics in Latin América. $USDC