Today’s dollar in Colombia: check here the exchange rate this July 4

The price of the US dollar in Colombia operates on the rise this Monday, compared to an advance of the dollar in global markets, while the stock markets closed higher, due to concern about the world economy after high inflation in the euro zone.

QUOTATION OF THE DOLLAR IN COLOMBIA THIS JULY 4

The price of the dollar in Colombia for this Monday, July 4, 2022 is 4,205 Colombian pesos, according to data from the Reuters agency, while the benchmark index of the stock market, the MSCI COLCAP, gained 2.65% to 1,357.98 points, driven by leading shares in the financial and energy sectors.

At the regional level, the currencies of Latin America had a new day of significant losses, compared to an advance of the dollar in the global markets, while the stock markets closed higher, given the concern about the world economy after high inflation in the euro zone.

According to the Reuters agency, pessimism about the outlook for the world economy on Friday boosted the demand for the dollar as a refuge, while the Australian dollar, an indicator of world growth, touched a two-year low.

Rampant inflation and a rush by central banks to raise interest rates and curb the flow of cheap money have boosted sales across markets and pushed up assets seen as safer.

“When people worry, they keep buying assets in dollars”said Joseph Trevisani of FXStreet.com in New York.

Meanwhile, euro area inflation hit a record high again in June as price pressures widened, while its peak could still be months away, reinforcing the case for a rapid rise in interest rates. interest from the European Central Bank starting this month.

Consumer price growth in the 19 countries sharing the euro accelerated to 8.6% from 8.1%, Eurostat reported on Friday, beating expectations of 8.4% and driven mainly by energy prices, although food and services also contributed.

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.