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The currency recorded a rise of $ 17 on Monday and closed at $ 3,571. Oil topped $ 60 a barrel.
The dollar in Colombia began the week rising: the exchange rate rose $ 17 on Monday and closed at $ 3,571. Thus, the currency completes almost three weeks above the $ 3,500 mark.
The Colombian peso has benefited from the least international uncertainty due to the better prospects of the fight against COVID-19.
In fact, the price of Brent oil soared above $ 60 a barrel on Monday for the first time since January 2020.
The rise is due to better projections of crude demand in the face of the deployment of vaccines against COVID-19, the slowdown in infections and the hope that Joe Biden’s huge stimulus plan will be approved by lawmakers Americans.
Oil has been on the rise for weeks as the U.S. president pushes his $ 1.9 trillion bailout plan, which includes a raise in the minimum wage.