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?
Aussie declines, Kiwi stands still in late trade
On Monday, the Australian dollar decreased versus its American rival, while the New Zealand dollar was nearly intact because worries over American political tensions seemed to have eased and financial markets were still digesting the recent Barcelona terrorist incident.
The currency pair AUD/USD went down 0.11% being worth 0.7923.
The US dollar revived from losses following the news that senior White House advisor Steven Bannon had been sacked by Donald Trump.
Everlasting uncertainty over the economic agenda of Donald Trump along with doubts that the major US financial institution will deliver a third rate lift in 2017 have fed into the greenback’s recent weakness.
The currency pair NZD/USD was intact being worth 0.7316.
At the same time market participants were still cautious after last Thursday a terrorist attack murdered up to 14 folks and injured about 100 others.
On Sunday, Spanish police was still looking for the terrorist behind the wheel in the recent Barcelona van incident, amid surging signs that members of the militant group boasted connections in Europe.
USD’s rally takes a pause, while riskier assets are modestly rising.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.
Poor US data, slow vaccine distribution, rising virus cases worsened the market sentiment and underpinned safe-haven currencies like the USD, and JPY.