Today’s dollar in Colombia: check here the exchange rate for this Tuesday, May 17, 2022

The US dollar price in Colombia It operated stable this Tuesday, amid a global decline in the greenback and negative data from China that once again raised doubts about the health of the world economy.

The price of the dollar in Colombia for this Tuesday in May 2022 is 4,058 Colombian pesos, according to data from Bloomberg.

China’s economic activity slowed sharply in April as the extension of COVID-19 lockdowns took a heavy toll on consumption, industrial production and employment, raising fears the economy could contract in the second quarter. .

Full or partial lockdowns were imposed in dozens of cities in March and April, including a lengthy one in Shanghai, keeping workers and consumers at home and severely disrupting supply chains.

Retail sales in April shrank 11.1% from a year earlier, marking the biggest contraction since March 2020, data from the National Statistics Office (ONE) showed on Monday, and it’s worse than expected. provided.

On the other hand, operators pointed out that concern about the tightening of central banks’ monetary policies could generate a slowdown in the growth of the economy, which has distanced investors from risky assets and has led them to make sales and seek refuge in the dollar.

Markets are likely to see a short-term rebound before resuming the sell-off, which has seen Wall Street’s Nasdaq tech index lose more than 25% since the start of the year, BofA analysts wrote in a weekly strategy note. .

“Fear and loathing suggest stocks are prone to an imminent bear market rally, but we don’t think definitive lows have been reached”, argued the team led by chief investment strategist Michael Hartnett.

The dollar index, which measures the greenback against a basket of six major currencies, was stable and hovering near two-decade highs.

In 2021, the US dollar was exchanged at a maximum of 4,033.25 Colombian pesos, while its lowest level was 3,412.80.