The price of the dollar in Colombia under the next day modality started at an average of $4,416.40, marking a decrease of $45.16 from the Representative Market Rate (TRM) quoted for today and tomorrow at $4,461.66.
May 29 is a public holiday in the United States, as Memorial Day or Memorial Day is celebrated.
The dollar in the Next Day modality is traded during the day where people buy dollars today as a holiday in the United States and pay for the transaction the next business day, this is a low liquidity trading modality.
The price of the dollar has turned theoretically tentative after US President Joe Biden confirmed that he has reached a final deal to raise the debt ceiling with Republican Leader in the House of Representatives Kevin McCarthy and that the text is ready to go. to be voted on in Congress.
“The agreement represents a commitment and this means that no one has everything they want, but that is the responsibility of governing,” the president said at a press conference calling on the two chambers to pass the rule that will prevent the United States from of States to enter suspension of payments.
“I strongly urge both houses to approve that deal. Let’s continue to deliver on our commitments and build the strongest economy in the world,” Biden said at the White House.
While not many details of the deal are known, the Democrat explained that it was reached after making some concessions in the budget, but by no means “much” was given.
Source: El heraldo
Roy Brown is a renowned economist and author at The Nation View. He has a deep understanding of the global economy and its intricacies. He writes about a wide range of economic topics, including monetary policy, fiscal policy, international trade, and labor markets.
