During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?
AUD/USD is intact, Kiwi slides in late trade
On Monday, the Australian dollar was a bit changed versus its American rival, while the New Zealand dollar went down because expectations for American rate lift in December kept backing the US dollar, though renewed geopolitical tensions put pressure.
Trading volumes were generally believed to remain thin with American markets unavailable for Columbus Day.
The currency pair AUD/USD didn’t change, sticking to 0.7763, which is not far from Friday's three-month minimum of 0.7732.
The US currency rebounded reacting to reports on Friday that North Korea is on the way to another test of a long-range missile. It drastically contributed to concerns over a potential war in this Asian region.
However, the US currency was still broadly backed because the wage data from Friday's American jobs report was considered to be an inflation driver.
In September, the American economy lost up to 33,000 jobs, as the Labor Department informed.
The currency pair NZD/USD edged down 0.21% being worth 0.7074.
The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!