After several sessions trading with a downward trend, the dollar rebounds.
For the morning of this Tuesday, January 24, the US currency registered a rise after the disclosure of economic data from the United States, same ones who showed a contraction for the seventh consecutive monthwhich gives signs that the recession is moderating and business confidence is strengthening.
“It just seems like another piece of data that shows what the Fed has been preaching: the economy is resilient enough to accept more hikes.” says Juan Pérez, director of operations for Monex USA in Washington, according to information collected by investing.comfinancial website with high impact globally.
Given this brighter new outlook for business in America, the traders they expect the Federal Reserve of the United States (Fed) slows down the increase in interest rates. The last increase was 50 basis points, Therefore, a forthcoming increase in a quarter of a percentage point (25 basis points). The final decision of the Fed will be announced on February 1, when the Federal Open Market Committee (FOMC) meeting is held.
As for the dollar index (DXY)which measures the strength of the greenback against a basket of the six most relevant currencies globally; This is located at 101.95 units.
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Price of the dollar today, January 24: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
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