Major U.S. indexes closed Tuesday with significant losses, as expectations for a rate hike by Central Bank (Fed)however, this Wednesday morning, that wall markets Street open on a positive basis, which does not exclude further instability as the time for the monetary authorities to issue their announcement draws near.
For its part, the dollar at the international level is operating profitably until a decision is made fed expect a 75-point increase and a hawkish tone at Iceland’s presidential conference Jerome Powell Fed. Emphasis will be placed on updating the macroeconomic framework and dot plot which will show a higher terminal fee.
On the other hand, the President of Russia, Vladimir Putin reported on power station part of the reserves (approximately 300 thousand reservists) with a view to annexing the regions of Ukraine currently under Russian occupation, an aspect that has been considered a new Russian escalation in the war.
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The Dollar indexwhich compares the behavior of the US dollar against the six major currencies of the world, comes up with gratitude of 0.52%, which connects two days to the increase, paying attention to the monetary policy decision. fed.
The Mexican currency in international markets is around 20 pesos per dollar wholesalewhich means an increase of 0.10% or 2 cents compared to the previous close, according to information from Investing.com.
Despite the calm that has been shown, we expect a unstable sessionEspecially after 1 p.m. and during Jerome Powell’s press conference starting 30 minutes later, Monex analysts warn.
The range for the last few hours has been from 19.97 to 20.05 pesos. It’s loud there uncertainty on the direction of the breach, but we think the odds are leaning towards a hawkish stance from the Fed, which would put pressure on the upside, the analysts added.
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The retail dollar is selling at 20.49 pesos at bank counters, unchanged from Tuesday’s close, according to data released by CitiBanamex.
For its part, bitcoin is up 2.32%, keeping little appetite for investors.
while stock markets in the US open in positive basis, caution prevails. In Europe they are mainly observed hiking modest after Britain introduced a bailout package to help businesses with their energy bills this winter.
The Euro Stoxx traded marginally up 0.60%, while Asia closed lower, underlining the Hang Seng’s 1.8% and Nikkei’s 1.4% declines, following yesterday’s sentiment.
Finally, the price of US oil WTI starts the day with a decrease of 0.31% compared to the end of the previous day. Despite concerns about new disruptions to energy supplies in Europe as geopolitical tensions rise.
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