Today’s dollar in Colombia: Check here the exchange rate for this Saturday, June 11

The dollar price US currency in Colombia is trading higher in the face of a negative global outlook, due to investors’ concern about the impact that interest rate hikes may have on the deteriorating world economy.

QUOTE OF THE DOLLAR IN COLOMBIA THIS JUNE 11

The price of the dollar in Colombia for this Saturday, June 11, 2022 is 3,851 Colombian pesos, according to Reuters data; while in the stock market the MSCI COLCAP stock index devalued 1.23% to 1,526.79 points.

At a regional level, most Latin American currencies and stock markets closed lower on Thursday, pressured by a negative global outlook, due to investors’ concern about the impact that interest rate hikes may have on the deteriorating world economy.

Global markets were also attentive to the inflation data in the United States that will be released on Friday, to see if the Federal Reserve’s argument to be aggressive in terms of monetary policy is justified.

A rise in US Treasury bond yields lifted the dollar index, which compares the greenback against a basket of six major currencies, about 0.7%.

US Treasury yields rose on Thursday after the European Central Bank (ECB) signaled a series of upcoming interest rate hikes and before the US Treasury Department auctioned 30-year bonds.

The ECB said it will end bond purchases on July 1 and raise interest rates by 25 basis points in the same month. Also, it will raise rates again in September and could opt for a bigger move then if inflation continues to surprise.

MAXIMUM AND MINIMUM QUOTATION OF THE DOLLAR IN COLOMBIA IN 2021

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