2023-05-19 17:06:50
He dollar lose positions during the day this Friday. Despite optimism regarding avoiding a US debt default, talks on the US debt ceiling have stalled, raising uncertainty regarding whether a deal will be reached soon to avoid severe economic consequences.
Negotiations on raising the debt ceiling pause
Earlier in the month, Treasury Secretary Janet Yellen notified Congress that the United States might default on its debt next month, as early as June 1. On the other hand, the Congressional Budget Office has warned regarding a “significant risk” of defaulting on its debt for the first time in history “in the first two weeks of June.”
To prevent this, Congress and the Biden administration must act to raise the country’s debt ceiling. However, the talks have been paused. Representative Garret Graves, appointed by Speaker of the House Kevin McCarthy to lead the negotiations, said that It’s time to pause the conversations.
Graves explained that negotiations have become “simply unreasonable” and that it was unclear when talks on the debt ceiling would resume.
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The Federal Reserve might ease monetary policy
On the other hand, the comments of the president of the Federal Reserve, Jerome Powell, also affected the dollar. Speaking at a Fed conference in Washington, Powell indicated that the Fed will probably forego a hike in its benchmark interest rate at its next meeting in June.
“Having come this far, we can afford to look at the data and the evolving outlook and make careful assessments,” Powell said.
Price of the dollar today, May 19: Exchange rate in Honduras, Mexico, Guatemala,
According to the 12:57 pm ET update, he dollar index (DXY) registered a fall of 0.52%, settling at 102,912 units, according to Investing.com, one of the most important finance portals. The DXY measures the value of the dollar relative to a basket of six major currencies.
On the other hand, there is the dollar exchange rate in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica, today, May 19according to Investing.com:
- Mexico: 17.67 Mexican pesos (MXN) +0.23%
- Costa Rica: 534.40 Costa Rican colon (CRC) +0.02%
- Guatemala: 7.80 quetzales (GTQ) +0.04%
- Honduras: 24.65 lempiras (HNL)
- Nicaragua: 36.55 Córdobas (NIO) +0.14%
Purchase
- Mexico: 17.66 Mexican Pesos (MXN)
- Costa Rica: 521.42 Costa Rican Colon (CRC)
- Guatemala: 7.62 quetzales (GTQ)
- Honduras: 24.51 lempiras (HNL)
- Nicaragua: 36.15 Cordobas (NIO)
Sale
- Mexico: 17.68 Mexican Pesos (MXN)
- Costa Rica: 547.37 Costa Rican Colon (CRC)
- Guatemala: 7.99 quetzales (GTQ)
- Honduras: 24.79 lempiras (HNL)
- Nicaragua: 36.95 Cordobas (NIO)
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