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July 22, 2024
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Dollar falls a day after Biden’s withdrawal from re-election bid

Dollar falls a day after Biden's withdrawal from re-election bid

The dollar in Colombia falls this Monday, but remains above $4,000a day after the US president announced that he will not continue his race for re-election.

According to the Stock Exchange, the US currency is quoted at an average price of $4,007, that is, it falls 33 pesos compared to the Representative Market Rate (TRM) which is $4,040.

Following Biden’s withdrawal from his candidacy, The markets were immune to the decision.

Joe Biden, President of the United States.

EFE

Wall Street opened in the green on Monday, barely shaken by Joe Biden’s withdrawal from the electoral race and with no prospect that his resignation and the arrival of a new Democratic candidate will have a major effect on the market.

For operators, The news that Biden will not participate in the November elections did not take investors by surprise, who since the debate between the Democrat and Donald Trump saw a Republican victory in the elections as increasingly likely.

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