The dollar widens his fall and arrives at its lowest level in nine months.
For the morning of this Thursday, February 2, the US currency recorded a decline, derived from the latest monetary policy decision of the Federal Reserve of USA (Fed).
Yesterday, February 1, the Central Bank held its meeting of the Federal Open Market Committee (FOMC). through this, the new increases in interest rates were established and announced; same as I know slowed down compared to previous increases, well the fed established a rise of 25 basis points.
In December, the increase was 50 basis points, while the previous four raises were 75 points; which suggests that the high rates of inflation are finally beginning to subside.
While the drop in inflation is a good sign for the US economy, the truth is that the currency showed a setback after Fed Chairman Jerome Powell gave signs that the cycle of monetary policy tightening could come to an end.
Powell said that rates will remain restrictive for some time and that the committee is thinking about a couple of additional increments before a pause. this is consistent with our vision of two more increases (March and May), taking the rate to a range of 5.00% – 5.25%”, analysts from Banorte In a report collected by Investing.com.
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Price of the dollar today, February 2: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
Then, How much is the US dollar today, Thursday February 2, in Mexico and part of Central America, according to the most recent update of investing.com; famous financial website with high impact globally.