2023-05-24 14:36:57
After maintaining an upward trend so far this day, The US dollar starts the session this Wednesday, May 24, with a slight fall, losing ground once morest various currencies globally.
The fall occurs as the financial market awaits the disclosure of the minutes of the May meeting of the Federal Reserve of USA (Fed). Added to that, the lack of an agreement to raise the US debt ceiling has also been a key factor in the decline of the greenback.
Fed Minutes
On the followingnoon of this same Wednesday, The Central Bank will release the minutes of the May meeting, same that will provide a clearer picture to traders regarding the future of the cycle of increases in interest rates.
Lately, the market had been bullish on a pause in the rise; however, following aggressive statements by St. Louis Fed President James Bullard, regarding carrying out two more increases in interest rates this year of 25 basis points; hopes of a pause end.
debt ceiling
Regarding the debt ceiling, negotiations to raise it continue between the White House and Congress. The country has until June 1 to reach a bipartisan agreement, otherwise the nation would enter its first default, which would unleash fears of a possible recession in the country; This has been warned by the US Treasury Secretary, Janet Yellen.
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Price of the dollar today, May 24: Exchange rate in Mexico, Honduras, Guatemala, Nicaragua…
we share you How much is the US dollar today, Wednesday May 24, in Mexico and part of Central America according to the most recent update of Investing.com; famous finance portal.
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