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The exchange rate started the day with a fall of more than $ 20, but recovered and closed with a rise of $ 15 to $ 3,491
During its first session of the week, as this Monday was a holiday in the United States for Martin Luther King Day, the dollar in Colombia began falling more than $ 20 to $ 3,454.
However, within minutes the currency began to recover and ended with a rise of $ 15 to $ 3,491.
Despite the volatility, the Colombian peso has been strengthening as investors continue to show interest in emerging markets.
The weight has also felt the effect of the recovery of the crude: only this Tuesday Brent oil, the benchmark used by Colombia (Ecopetrol), shows a rise of 1.19% above US $ 55 a barrel .
However, a report from the International Energy Agency was released on Tuesday in which it explains that more time will be needed for oil demand to recover, although it highlights better prospects for the sector.
“Global deployment of the vaccine is improving fundamentals this year, so supply and demand will grow after the unprecedented collapse of 2020,” the IEA says in its report. That’s why global demand now forecast for 2021 is 96.6 mbd (+5.5 mbd).