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Price of the Dollar in Colombia today, Monday, May 20: The Colombian Peso opens the week with a slight rebound

He USD/COP It opened on Monday at 3,807.17 and subsequently rose to a daily high of 3,836.64.

At the time of writing, the US Dollar is trading against the Colombian Peso around 3,818.85, gaining 0.31% on the day.

The Colombian Peso pending trade balance data and the Fed Minutes

  • Colombia will publish tomorrow the trade balance data for March, after having a deficit of -762.5M dollars in February.
  • The US Federal Reserve Minutes to be released on Wednesday may determine the direction of the pair this week.
  • Fedesarrollo published the Financial Opinion Survey, which has pointed out that The Colombian economy is expected to grow 1.4% in 2024, improving on the 1.3% projected a month agos. According to the inflation is expected to reach 5.60% at the end of the year, above the 5.51% projected in April. Finally, the exchange rate of the Dollar with the Colombian Peso is expected to reach 4,000 at the end of 2024.

Source: Fx Street

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