The dollar had a significant drop over many currencies of other nationsas traders awaited an interest rate decision from the US Federal Reserve later in the session.
A more positive than expected US inflation report on Friday has boosted expectations that the Fed will raise interest rates higher than previously forecast, which will help reduce investors’ appetite for riskier assets, which will boost the dollar.
There is a nearly 90% expectation of a 75 basis point rise at the end of a two-day Federal Open Market Committee (FOMC) meeting. from the US central bank on Wednesday, according to Refinitiv’s Fedwatch Tool.
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Price of the dollar today, June 14: Exchange rate in Honduras, Mexico, Guatemala, Nicaragua…
This is how the dollar exchange rate is found in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica, this Wednesday, June 15at 12:00 pm ET, according to Investing.comone of the world’s leading financial websites.