Today’s dollar in Colombia: check the exchange rate here this Sunday, May 29

The dollar price The US currency in Colombia is trading lower amid the publication of the minutes of the US Federal Reserve, in which it was warned about the tightening of measures against inflation.

The price of the dollar in Colombia for this Sunday, May 29, 2022 is 3,924 Colombian pesos, according to data from Bloomberg.

The behavior of the markets was influenced by the publication of the minutes of the Federal Reserve (Fed) of the United States, in which it was warned about the tightening of measures against inflation.

The US central bank is trying to cool the highest inflation in 40 years without throwing the economy into a recession. After raising interest rates by half a percentage point at the May meeting, the minutes confirmed the support of most members to continue this rate hike for at least two more meetings.

Fed officials “noted that a restrictive policy stance may well become appropriate depending on developments in the economic outlook,” the minutes said. In his opinion, the labor demand continued to exceed the available supply.

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