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Dollar continues to rise in Colombia and reaches a maximum of 4,522 pesos

the dollar continues to rise in Colombia. After reaching a maximum price of 4,438 pesos last week, the US currency began today with an average price of 4,476.40 pesos, which represented an increase of 88.13 pesos compared to the Representative Market Rate, which for today it stands at 4,388.27 pesos.

Minutes later, the average price was 4,499.77 pesos, 111 pesos more than today's TRM. Later, it was already quoted on average at 4,504.75 pesos.

Regarding the maximums reached, according to the Set-Fx platform, at first the price reached 4,501 pesos, then it rose to 4,512.50 pesos and later it reached 4,522 pesos, the highest level recorded in the history of the country.

The strength of the dollar coincides with the fear of a global recession amid high interest rates to try to control inflation in all countries.

For example, the US central bank (Federal Reserve) has already started raising interest rates, which analysts say could push the world's largest economy into recession.

Meanwhile, the price of Texas Intermediate Oil (WTI) opened this Monday with a drop of 3.5 percent to 101.10 dollars a barrel, continuing the volatility of last week in which fears of a possible recession were imposed on low demand for crude oil.

For its part, Wall Street opened in the red and its main indicator, the Dow Jones Industrial Average, fell 0.47 percent, moving away from the gains accumulated last week and preparing for the second-quarter earnings season.