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On Wednesday, the Australian dollar grew versus its American counterpart, while the New Zealand dollar was intact after a holiday in America. Additionally, traders kept focusing on a fresh North Corean missile test.
The currency pair AUD/USD went up 0.22%, trading at 0.7621.
On Monday, positive American manufacturing data backed expectations for another rate lift by the major US bank in 2017 and assisted the dollar index to move away from Friday’s nine-month sink.
The evergreen buck had been under pressure the previous week amid hopes that key banks in Canada and Europe are on the verge of joining the Fed in tightening monetary policy.
On Tuesday, American markets didn’t function because of the Independence Day holiday.
The currency pair NZD/USD was nearly intact, showing 0.7285.
Aside from that market participants were still cautious after North Korea declared on Tuesday it had managed to launch a new ballistic missile that fell in the Sea of Japan. As Tokyo states it’s an obvious violation of UN resolutions.
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?
The US unemployment claims are announced on Thursday at 15:30 MT time.
The Canadian monthly GDP is announced on Wednesday at 15:30 MT time.
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!
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