The U.S. dollar expand your earnings.
For the morning of this Wednesday, January 25, the US currency starts the session with a slight upward trendresult of the expectations around the publication of the GDP of the United Statesdata that will be announced tomorrow, Thursday January 26, and they will show How was the economic activity in the country during the fourth quarter of 2022.
Added to that, there is some caution regarding the monetary policy announcement of the Federal Reserve of USA (Fed); the same as It will be announced on February 1, when the Federal Open Market Committee (FOMC) meeting is held.
In recent months, the Fed has opted for a hawkish stance with the goal of bringing inflation down to two percent. Because the measure has worked and year-over-year indices are down, the traders they expect the Central Bank to slow down the rise in interest rates.
Taking into account that the last increase was 50 basis points and that inflation has been fallingthe next increase is expected to be a quarter of a percentage point, or 25 basis points.
As for the dollar index (DXY)which measures the strength of the currency against a basket of the six most relevant currencies globally, This registered a fall of 0.05 percent, settling at 101.84 units, according to investing.com, famous financial website with high impact globally.
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