Weekly USD/GTQ analysis
Over the past week, the exchange rate between the US dollar and the Guatemalan quetzal remained a focus for market participants, who tracked the evolution of external and internal factors related to exchange rate dynamics, according to reports from international agencies and the Bank of Guatemala.
Bloomberg reported that the US Federal Reserve's monetary policy decisions continued to be monitored by market players. At the same time, Reuters noted that traders were keeping a close eye on movements in emerging markets and the availability of foreign currency in the local market.
For its part, the Bank of Guatemala indicated that it is monitoring the foreign exchange market and participating in accordance with the guidelines established in its monetary, exchange rate, and credit policy. Financial institutions and economic agents have continued to assess the national and international landscape to determine their operations in the foreign exchange market.
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