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 on policy views
On Friday, the Australian dollar sank after a major bank view on the economy dimmed positive retail sales with the greenback under pressure on a report of enhanced legal activity into allegations Russia colluded to affect the American elections.
Australia's major financial institution is expected to issue its monetary policy statement with a closer look at the national economy to suggest household debt along with a firm currency are still major risks.
Additionally, retail sales for the second quarter managed to earn 1.5%, surpassing the expected 1.2% leap.
Previously, Japan reported June’s average cash earnings decreased 0.4%, versus a 0.6% profit observed on year.
The currency pair USD/JPY was seen at 110.10, jumping 0.06%. At the same time AUD/USD offered a reading of 0.7938, tumbling 0.14%.
Overnight, the key American currency hit session minimums versus a basket of main currencies, reacting to a report that the special counsel, which oversees the Russia investigation, has already impaneled a grand jury for the purpose of investigating Russia interference in the 2016 US elections, as te Wall Street Journal informed on Thursday.
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
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.