Has anyone actually exchanged dollars this morning?
The US Federal Reserve hiked rates a 1/4 point yesterday and the reaction this morning has been a decline in value for the majors like the Euro/Yen/Pound.
Emerging market currencies are also being affected, i.e., Mexican peso.
A bump in the dollar should take hold either today or tomorrow as the Banco Central may likely be forced to react.
Just to clarify, I am not expecting a major move, but a soft weakening of the DOP in the next day or two.
Respectfully,
Playacaribe2*
The US Federal Reserve hiked rates a 1/4 point yesterday and the reaction this morning has been a decline in value for the majors like the Euro/Yen/Pound.
Emerging market currencies are also being affected, i.e., Mexican peso.
A bump in the dollar should take hold either today or tomorrow as the Banco Central may likely be forced to react.
Just to clarify, I am not expecting a major move, but a soft weakening of the DOP in the next day or two.
Respectfully,
Playacaribe2*