Price of the dollar today, February 1: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…

The dollar starts the session down.

After starting the week with a slight upward trend, the greenback has registered a fall, result of market expectations around the next monetary policy decision of the Federal Reserve of USA.

In recent months, The Central Bank has opted for an aggressive stance with the aim of lowering the inflation rate to two percent. Although the measure has paid off and inflation rates have dropped; the truth is that the Chairman of the Fed, Jerome Powell, warned that the rate hike will continue throughout 2023.

However, since inflation has been declining, experts on the subject foresee a slowdown in the rise in rates, resulting in a increase of 25 basis points compared to 50 the previous month. The final decision of the Fed will be released later today, February 1, via the Federal Open Market Committee (FOMC) meeting.

“Powell is likely to insist that rates are not restrictive enough yet in an attempt to avoid a further downward shift in the yield curve and an unjustified loosening of financial conditions in general. [Powell] will insist that it will keep the policy sufficiently restrictive for some time in an attempt to change the perception of the market“, warned BBVA Researchaccording to a note collected by investing.comfinancial website with high impact globally.

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Price of the dollar today, February 1: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…

Then, How much is the US dollar this Wednesday, February 1, in Mexico and part of Central America, according to the most recent update of Investing.com.

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