The price of the dollar today, March 5: the exchange rate in Honduras, Mexico, Guatemala and Nicaragua…

Sunday arrived though Financial markets remain closed for the weekendIt never hurts to keep up The latest moves about the country’s economy and our local currency, the US dollar.

By the end of the week of Friday, March 3; The American currency recorded a significant decline, as a result of Uncertainty exists about the Fed’s next monetary policy decision United State (fed). Thanks to the depreciation of the currency, The Mexican peso broke the barrier of $18 per dollar, reaching its best level in the past six years.

at the moment, Markets are alert to the Fed’s next moves, Since many analysts and experts on this topic They expect the central bank to return to 50 basis point increases, Especially after Release of strong economic data and remarks by Minneapolis Federal Reserve Chairman Neel Kashkari, Who indicated that the bank “Open” for another strong increase, either 25 or 50 basis points, since “The risk of underfitting is greater than the risk of overfitting.”

next meeting to Federal Open Market Committee (FOMC) for Announces the decision of the Federal Reserve and make it known The next increase at the reference price, It will take place on March 21 and 22.

As for dollar index (DXY), It measures currency strength against a basket of the six most correlated currencies globally, It recorded a loss of 0.49 percent, to reach 104,485 units Investing.comAnd A financial site with great influence globally.

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The price of the dollar today, March 5: the exchange rate in Honduras, Mexico, Guatemala and Nicaragua…

With the market closed and According to the latest update of Investing.com, This is how the dollar exchange rate is found Mexico, Honduras, Guatemala, Nicaragua, and Costa Rica, this Sunday, March 5th.

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