“Daily Updates on Dollar Prices and Market Trends: May 24th Edition”

2023-05-24 14:54:22

By 9 in the morning of this May 24, the dollar is listed on the stock market at a price of $4,450. This is $14 lower than the closing value of the previous day, which was $4,464. The Market Representative Rate (TRM) also presented a decrease, but it is still higher than the quoted price on the stock market. This is $4,501 according to the daily report of the Financial Superintendence.

Trading prices during the day are expected to range between $4,422 and $4,439, establishing an average of $4,430 for the day. Dollar prices in exchange houses are $4,240 for sale and $4,380 for purchase. Remember that these values ​​are an estimated average, it is possible that these vary depending on the place and the moment in which the transaction is made.

How can you explain the behavior of the dollar for today?

Since Tuesday, May 23, there has been a downward trend. From Friday, May 19 to Wednesday, May 24, the total decrease has been $69. According to the newspaper La República, this behavior can be explained by two factors. In the first place, there is the uncertainty that has generated the few advances in the debate to increase the debt ceiling in the United States.

Secondly, it has been observed that the price of a barrel of oil has increased significantly. At the moment it is at a price of $77 USD, which represents an increase of 1.35%. Saudi Arabia warned that OPEC could cut oil production. This would result in an increase in the price of this hydrocarbon.


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