economy and politics

Dollar rebounded and returned to gains, awaiting inflation data in the US.

Dollar

After falling 25 pesos the previous day, the dollar in Colombia rebounded this Wednesday, May 29, and recorded gains in the session.

(Read: Dollar fell 25 pesos this Tuesday, in expectation of US inflation).

According to the Stock Exchange (BVC), The US currency closed at an average price of $3,865, which represented an increase of 14 pesos compared to the TRM of the day, which was $3,853..

In other baskets of currencies, the euro depreciates 0.20% against the dollar, trading at $1.08 per euro, and the pound sterling loses 0.22% against the dollar, trading at $1.27 per euro. pound.

(See: In four years the debt ceiling in Colombia would have to be raised again).

The market remains awaiting inflation data in the US, leading the New York stock market to open lower on Wednesday as investors worried about the possibility of interest rates staying high for a long time.

Dollar

PHOTO: iStock

In the first operations, The Dow Jones index lost 0.80%, the Nasdaq technology index lost 0.76% and the S&P 500 fell 0.76%.

(Also: Strike at the Mintrabajo already has zero hour: details and services that will go on strike).

Wall Street finished with mixed results on Tuesday, with technology firms pushing the Nasdaq index to new highs and awaiting new figures on US inflation at the end of this week. The Nasdaq exceeded 17,000 points for the first time (+0.59%), and broke a new record after the one registered on Friday.

BRIEFCASE

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