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The currency was up $ 17 on Monday and closed at $ 3,571. Oil exceeded US $ 60 per barrel.
The Colombian dollar started the week rising: the exchange rate rose $ 17 a month and closed at $ 3,571. In this way, the coin is completed with almost three weeks above the mark of 3,500 USD.
The Colombian peso has benefited from less international uncertainty due to better prospects for the fight against COVID-19.
In fact, Brent oil prices rose more than $ 60 a barrel on Monday for the first time since January 2020.
The boom is due to better projections of crude demand ahead of the launch of COVID-19 vaccines, the slowdown in infections and the hope that Joe Biden’s huge stimulus plan will be approved by US lawmakers.
Oil has risen for weeks, while the US president is pushing for his $ 1.9 trillion bailout plan, which includes a minimum wage increase.