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The currency registered a rise of $ 17 on Monday and closed at $ 3,571. Oil was over $ 60 a barrel.
The dollar in Colombia started to rise for the week, with the exchange rate registering a rise of $ 17 this Monday, closing at $ 3,571. In this way, the currency completes almost three weeks above the USD 3,500 mark.
The Colombian peso has benefited from less international uncertainty due to the brighter prospects for the fight against COVID-19.
In fact, the price of Brent oil rose above $ 60 a barrel for the first time since January 2020 on Monday.
The boom is due to better forecasts in crude oil demand ahead of the deployment of COVID-19 vaccines, the slowdown in infections and hopes that Joe Biden’s massive stimulus plan will be approved by US lawmakers.
Oil has been on the rise for weeks as the US president pushes for his $ 1.9 trillion bailout plan, including an increase in the minimum wage.