The dollar was traded on Tuesday in the country’s interbank market at an average price of 3,650 pesos, which represented a drop of 66 pesos in relation to the representative market rate in force this Tuesday – which was 3,716 pesos.
During the trading day, the minimum price reached by the US currency was 3,616 pesos, and the maximum was 3,700 pesos.
In this way, the peso continued to strengthen against the dollar, reaching a minimum price from March 9, and after its historical maximum of 4,154 pesos, on March 19.
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The increase in oil prices has been strengthening the peso recently, while this Tuesday also influenced the positive result on manufacturing in China, which reinforced the appetite for higher risk investments.
As for oil, the possibility of an agreement on supply between the Organization of Petroleum Exporting Countries and other producers such as Russia was favorable.
Yesterday, rumors continued to be aired that this week an extension of the agreements on oil supply cuts could be discussed among the countries called Opep +.
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These countries already apply a cut of 9.7 million barrels per day, an agreement that covers May and June. The cut would drop to 7.7 million barrels from July to December, but the market is betting that it will not happen.
On the other hand, en the Colombian Stock Exchange part of the shares recovered and at the end of the day the Colcap index closed it with a positive variation of 0.06 percent.
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