The dollar price The US currency in Colombia is trading higher this Monday, amid the publication of the minutes of the US Federal Reserve, in which it was warned about the tightening of measures against inflation.
QUOTATION OF THE DOLLAR IN COLOMBIA THIS MAY 30
The price of the dollar in Colombia for this Monday, May 30, 2022 is 3,927 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.
The directors of the Fed “noted that a restrictive policy stance may well become appropriate depending on how the economic outlook evolves”, 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.