2023-07-08 17:07:23
This Saturday, the markets are closed. However, it is worth knowing how the dollar closed, how it was affected during the week and the exchange rate of the US currency in Mexico and other Central American countries, such as Costa Rica, Guatemala, Honduras and Nicaragua.
After the closing, the dollar registered losses. The dollar index (DXY), which measures the value of the dollar in relation to a basket of six major currencies, registered a fall of 0.87%, closing the week at 102.27 units, according to Investing.comone of the most important finance portals.
The dollar falls following the publication of economic data
The US currency fell back as new economic data was added. Meanwhile, the markets are awaiting the upcoming monetary policy decisions by the Federal Reserve.
Although the strong data shared on private payrolls supported the view that the Federal Reserve may raise interest rates soon, the June employment report indicated below-expected growth in nonfarm payrolls.
The US economy registered 209,000 new jobs last month. However, economists expected the number to rise by 225,000. On the other hand, the unemployment rate slowed slightly from 3.7% to 3.6%.
It may interest you: Learn regarding the curious origin and meaning of the dollar sign
Price of the dollar today, July 8: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
This is how the dollar exchange rate closed in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica and this is how it is this Saturday, July 8, according to Investing.com:
Mexico: 17.1465 Mexican pesos (MXN) -0.47% Costa Rica: 543.27 Costa Rican colon (CRC) +0.15% Guatemala: 7.8437 quetzales (GTQ) -0.01% Honduras: 24.7200 lempiras (HNL) Nicaragua: 36.5500 córdobas (NIO) Buy
Mexico: 16.60 Mexican pesos (MXN) (Banamex) Costa Rica: 542.00 Costa Rican colon (CRC) (Banco Lafise SA) Guatemala: 7.67 quetzales (GTQ) (Banco Azteca) Honduras: 24.5904 lempiras (HNL) (Ficohsa) Nicaragua: 35.95 córdobas (NIO) (BAC) Sale Mexico: 17.5600 Mexican pesos (MXN) (Banamex) Costa Rica: 560.00 Costa Rican colon (CRC) (Banco Lafise SA) Guatemala: 7.91 quetzales (GTQ) (Banco Azteca) Honduras: 24.7134 lempiras (HNL) (Ficohsa) Nicaragua: 36.82 córdobas (NIO) (BAC)The next moves of the Federal Reserve
The Federal Reserve continues to review all economic data ahead of its next meeting to announce whether interest rate hikes will resume or continue on hold.
Following the June meeting and in Congress, Fed Chairman Jerome Powell mentioned that a couple more hikes are expected to continue to slow inflation. The next meeting of the US central bank, at which the decision on monetary policy will be announced, is scheduled for July 25-26.
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