Experts predict that a decision today before Ben Bernanke, chairman of the U.S. Federal Reserve (Fed), will be key to exchange rates in Costa Rica. Should the Fed continue with a moderate reduction of the U.S. economic stimulus it is expected that the dollar (USD) will rise in Costa Rica, relative to the colon (CRC).
Many Latin American economies and Russia have begun to feel the effect caused by the withdrawal of money from investors in recent weeks. The Argentine peso lost 14 percent in just two days last week.
Adriana Rodriguez, Aldesa economist, explained that Costa Rica also had an appreciation of the dollar, but she believes this phenomenon will be corrected.
Interest rates in the United States affect the cost of money, and availability of credit, which affects the economy in Costa Rica.