Today’s dollar in Colombia: check here the exchange rate for this Thursday, May 19, 2022

The dollar price The US currency in Colombia operates with an increase this Thursday, amid renewed fears regarding the recovery of the world economy, given the expected tightening of monetary policy by the United States Federal Reserve to face the advance of inflation. .

The price of the dollar in Colombia for this Thursday, May 19, 2022 is 4,070 Colombian pesos, according to data from Bloomberg.

The dollar rose and snapped a three-session losing streak as concerns over global economic growth prospects and accelerating inflation weighed on sentiment, a day after US Federal Reserve Chairman Jerome Powell took a more aggressive tone.

According to Reuters, operators pointed out that the concern about the tightening of central banks’ monetary policies could generate a slowdown in the growth of the economy, which has turned investors away 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.

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