Today’s dollar in Colombia: check here the exchange rate for this Tuesday, June 14, 2022

The price of the US dollar in Colombia operates on the rise this Monday, in the midst of a wave of risk aversion derived from the increase in the probability of a recession in the world’s largest economy, which led investors to seek refuge in the dollar in eve of the start of the Federal Reserve meeting.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS JUNE 14

The price of the dollar in Colombia for this Tuesday, June 14, 2022 is 3,971 Colombian pesos, supported in part by a rebound in the price of oil; while in the stock market, the benchmark MSCI COLCAP index fell 3.01% to 1,484.58 points.

At the regional level, the markets of Latin America closed on Monday with marked falls, due to a wave of risk aversion derived from the increase in the probability of a recession in the world’s largest economy, which led investors to seek refuge in the dollar. on the eve of starting the meeting of the Federal Reserve.

According to the Reuters agency, agents were digesting surprisingly high inflation figures in the United States published on Friday, which would put central banks at a crossroads, forcing them to raise their interest rates more than expected, impacting the economy.

To this was added a survey published in the morning by the New York Federal Reserve that showed that the inflation expectations of US consumers a year from now worsened in May, which led to uncertainty about where the indicator will end up in the medium term rose to a series high.

“This is a medium-term issue, because if you look at the probabilities of a recession in the United States they continue to increase and this is triggered by the expectation of higher interest rates, so the dollar in general is gaining ground in evidence of that aversion to the risk,” said Camilo Pérez, chief economist at Banco de Bogotá.

The dollar hit a two-decade high against a basket of currencies on Monday, as some do not rule out a 75 basis point rate hike this Wednesday at the Fed meeting. to Latin American currencies, because emerging market economies are the hardest hit by rising inflation,” explained Alexander Londoño, market analyst at ActivTrades.

“By raising US interest rates, capital is flowing out of emerging markets into US assets,” he added.

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.