Thursday, September 28, 2023

Dollar prices in Colombia Monday 29 May

This Monday, the dollar was traded the next day due to a holiday in the United States, with significant losses pending a possible agreement to avoid a financial default in the United States Congress in power.

After a week of high volatility in the Colombian market that kept the US currency below $4,500, this May 29 it recorded an opening price of $4,416, up 22 pesos compared to a final closing price of $4,438.

During the day, the currency reached a low of $4,414 and a high of $4,444, finally closing at $4,427.16.

For its part, the WTI benchmark oil fell to US$72.27 per barrel, while the Brent benchmark stood at US$76.33.

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United States close to a deal to avoid default

With days counting down to the deadline, without a consolidated agreement in the United States Congress, it could lead to a financial crisis in the biggest economic power on June 5. Republican and Democratic leaders needed support for the bill this Monday. are eagerly seeking. To avoid a catastrophic default.

A week after that date would mark the moment in which the United States would begin to run out of funds, according to the Treasury Department, the project originated in a bipartisan agreement led by President Joe Biden and the leader of the House of Republicans . The representative, Kevin McCarthy, faces disapproval from progressive Democrats and the opposition right.

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While Republicans agree that the agreement must include cuts in public spending to define their support, pro-Government supporters do not support Biden giving in on certain points and agreeing to discuss spending with the opposition.

Nation World News Desk
Nation World News Desk
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