Economy

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

The U.S. dollar start the session on the upside.

After presenting a slight downward trend yesterday, August 30, the US currency rebounds and presents gains once morest other emerging currencies, including the Mexican peso.

Currently, the markets are attentive to the possibility of a global economic recession, which has caused an increase in risk aversion and an increase in the demand for dollars in the foreign exchange market, thus the strengthening of our national currency.

“In the market a scenario of contradictory news is taking place. Any sign of weakness or loss of dynamism in the economy, the initial reaction of the markets may be positive since it would imply a less aggressive Fed regarding its rate hike”, expressed signature CI Banco through a report compiled by Television newscasts.

Added to this, the fluctuations of the dollar are also linked to the disclosure of employment data in the American Union. According to official figures, The United States created 132,000 jobs during August, less than half of market expectations, since a creation of 288,00 jobs was expected this month.

As for the dollar indexwhich measures the performance of the currency once morest a basket of the six most important global currencies, it rose 0.3 percent to 109.10, positioning itself near a two-decade high.

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