Price of the dollar today, January 31: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…

The dollar expands its gains.

For the morning of this Tuesday, January 31, the US currency starts the day with a slight upward trend, result of market expectations regarding the next monetary policy movements of the Central Banks.

In Europe, weak economic data counters the theory of traders of a slowdown in the monetary policy cycle, while in USA the bet on a drop in the level of interest rate increases persists.

The Banks of Europe and England will hold their respective monetary policy meetings next Thursday, January 2while the federal reserve of USA will do the same on Wednesday, February 1 through the Federal Open Market Committee (FOMC).

Although the Chairman of the Fed, Jerome Powell, has already warned that the increases will continue for much of 2023, the truth is that many are betting on a slowdown in the rate of increases, going from 50 to 25 basis pointsbecause the measures they have paid off and the inflation rate has come down. The goal of the Fed is reach two percent year-on-year; now, the rate stands at 6.5 percent in relation to last December, according to official figures.

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Price of the dollar today, January 31: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…

Then, How much is the US dollar today, Tuesday January 31, in Mexico and part of Central America, according to the most recent update of investing.com, recognized financial website with high impact globally.

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