Economy

Price of the dollar today, December 30: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…

The US dollar is trading higher.

For the morning of this Friday, December 30, the US currency recorded considerable gains once morest various emerging currencies, such as the Mexican peso or the Costa Rican colon.

Yes ok, The December festivities have resulted in a market with few references, the truth is that it is still dominated by the restrictive monetary policies of different central banks globally, including the Federal Reserve of USA (Fed).

In recent months, The Fed has taken a tough stance, making aggressive interest rate hikes with the goal of bringing inflation down to 2 percent. Although the measure has worked and the US economy has shown resistance, the truth is that a continued increase in basis points for 2023 increases concerns regarding a possible recession.

Added to that, the markets are also attentive to the economic recovery in China, country that had to adopt strong sanitary measures due to a new coronavirus outbreak.

“Again, it is a day with few references and catalysts for the financial markets. Investors continue to closely assess what the global implications of China’s easing of COVID-19 restrictions will be.″, says CI Banco in a note collected by Millennium News.

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