Today’s dollar in Colombia: check here the exchange rate for this Tuesday, May 24, 2022

The dollar price The US currency in Colombia is trading lower this Tuesday, after comments by US President Joe Biden on China, and with agents attentive to the minutes of the Federal Reserve.

The price of the dollar in Colombia for this Tuesday, May 24, 2022 is 3,972 Colombian pesos, according to data from Bloomberg.

According to Reuters, interest in risky assets was underpinned by Biden’s announcement that trade tariffs imposed on China by the previous administration would be discussed.

“Investors see in this a possible de-escalation of the trade war between the two economic superpowers, which has revived commercial optimism towards riskier assets”, said Pierre Veyret, technical analyst at ActivTrades.

In the week, the agents will be attentive to data such as the Global Purchasing Management Index (PMI), the sales of new homes in the United States, the GDP and the applications for unemployment benefits, along with another round of speeches from the Fed, the European Central Bank and the Bank of England, to give more clues about the economic outlook.

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