2023-05-31 00:08:01
02:50 PM
with a possible agreement on the debt ceiling in the United States, the dollar closed for the second consecutive day down at $4,408.22, on average, regarding $53.44 below the TRM, which for today is $4,461.66. This makes it the lowest value in the entire year.
During the opening, the currency reaches minimums of $4,375.85 and maximums of $4,436.95. In addition, US$1,248 million have been negotiated in 2,110 transactions.
According to Bloomberg, US stocks rose on Tuesday as enthusiasm for artificial intelligence It fueled the rise of chipmakers and technology stocks. Treasury bonds rose on hopes that Congress would pass a debt deal to avoid a default.
Investors trust As AI drives explosive demand for chips for tools like ChatGPT. Hang made the case Tuesday that this technology will transcend the tech sector and apply to all kinds of sectors, from agriculture and factories to the pharmaceutical industry and climate change. The latest catalyst for the AI frenzy came following Nvidia forecast revenue well above analyst estimates.
Meanwhile, Treasury yields fell across the entire curve, as the White House and Republican congressional leaders they intensified their pressure in support of a debt ceiling agreement. Yields on short-term bills, which are most at risk of default, extended their decline from recent highs. A dollar gauge fell for the third day in a row.
The clock keeps ticking as supporters of the deal only have a week to pass it through Congress ahead of a possible default on June 5, so-called X-Day. President Joe Biden has been personally calling on lawmakers to support the bill, which is likely to be voted on in the House on Wednesday, before to go to the Senate.
“Maybe the rally still has some distance to go, but it is more regarding buying on the rumors and selling on the news”, affirms César Pérez Ruiz, investment director of Pictet Wealth Management. “From now on, we will once once more look at the economy, inflation, in addition to liquidity drain, since the General Treasury Account will have to be filled.”
1685496434
#dollar #reached #lowest #year #closing #average
