Today’s dollar in Colombia: check here the exchange rate for this Monday, June 13, 2022

The price of the US dollar in Colombia operates on the rise this Monday, given the negative performance of global markets after US inflation exceeded estimates, which generated expectations of aggressive interest rate hikes in the world’s largest economy .

QUOTATION OF THE DOLLAR IN COLOMBIA THIS JUNE 13

The price of the dollar in Colombia for this Monday, June 13, 2022 is 3.944 Colombian pesos, while the stock index of the stock market, the MSCI COLCAP, reversed losses in the first hour and closed with an advance of 0.26% to 1,530.73 points.

At a regional level, Latin American currencies closed with significant losses on Friday, dragged down by the negative performance of global markets after inflation in the United States exceeded estimates, which generated expectations of aggressive interest rate hikes in the largest economy in the world.

According to the Reuters agency, consumer prices in the United States accelerated in May because gasoline reached an all-time high and the cost of services continued to rise, suggesting that the Federal Reserve could continue with its 50 basis point hikes in interest rates until September to combat inflation.

The Consumer Price Index (CPI) rose 1.0% last month after gaining 0.3% in April, the Labor Department said on Friday. Economists polled by Reuters had forecast the monthly CPI to rise 0.7%.

“Strong monthly inflation could suggest the Fed is guiding more explicitly that policy rates continue to rise by 50 basis points or more until actual inflation data convincingly accelerates,” said Veronica Clark, economist at Citigroup. In New York.

Also, the dollar index, which measures the greenback against a basket of six major currencies, rose about 0.9%, driven by a rise in US Treasury bond yields.

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.