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This Saturday, financial markets are closed. However, it doesn’t hurt to know how the dollar behaved during the week and how the exchange rate closed against other currencies, including the Mexican peso and the currencies of Costa Rica, Guatemala, Honduras and Nicaragua.
The dollar closed the session on Friday, and ended the week with losses After reaching its highest levels on Tuesday. The Dollar Index (DXY), which measures the value of the dollar relative to a basket of six major currencies, It closed at 106.10, recording a decline of 0.22%.
On the other hand, after hitting highs of 107.35 on Tuesday and after 11 weeks of gains. The US dollar closed this week with a loss of 0.17%.
With the decline of the dollar against a basket of different currencies, Investors weighed the jobs report Which showed that US employment rose nearly twice as much as expected in September, but also that wage growth is slowing.
US employment report
According to the Department of Labor, in September. The economy added 336 thousand jobs, Exceeding economists’ expectations. On the other side, Unemployment rate remains at 3.8%
The unexpected rise in employment to its highest level since the beginning of the year demonstrates the existence of a durable labor market This strengthens the case for another rate hike by the Federal ReserveAccording to Bloomberg.
In September, the Fed kept interest rates unchanged at a range of 5.25-5.50%, the highest level in 22 years, and high interest rates are expected to continue throughout the year as they are not expected to be cut anytime soon. The next Federal Reserve meeting is scheduled for October 31 and November 1.
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Dollar price today, October 7: exchange rate in Honduras, Mexico, Guatemala and Nicaragua…
This is how the week ended The dollar exchange rate in Mexico, Honduras, Guatemala, Nicaragua and Costa Rica, according to Investment.com:
- Mexico: 18.1686 Mexican Peso (MXN) -0.43%
- Costa Rica: 534.00 Costa Rican Colon (CRC) +0.20%
- Guatemala: 7.8459 Quetzals (GTQ) -0.09%
- Honduras: 24.7400 Lempira (HNL) -0.036%
- Nicaragua: 36.6300 Cordoba (NIO) +0.08%
On the other side, Thus the exchange rate is found in terms of buying and selling In the main banks and financial institutions on October 7:
You buy
- Mexico: 17,6000 Mexican Peso (MXN) (Panamex)
- Costa Rica: 527.00 Costa Rican Colon (CRC) (Banco de Costa Rica)
- Guatemala: 7.65 quetzals (GTQ) (Banco Azteca)
- Honduras: 24.6445 lempira (HNL) (Ficohsa)
- Nicaragua: 35.96 Cordoba (NIO) (BAC)
sale
- Mexico: 18.6400 Mexican Peso (MXN) (Panamex)
- Costa Rica: 541.00 Costa Rican Colon (CRC) (Banco de Costa Rica)
- Guatemala: 7.95 quetzals (GTQ) (Banco Azteca)
- Honduras: 24.7677 lempira (HNL) (Vicosa)
- Nicaragua: 36.86 Cordoba (NIO) (BAC)
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