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 rallies on mixed regional data
On Friday, the Australian dollar ascended and the Japanese yen held revenues following mixed data in Asia, with China trade figures staying in line with hopes expectations, although demonstrating descending exports.
The currency pair USD/JPY hit 108.19, sliding 0.24%. Meanwhile, AUD/USD reached 0.8095, rising 0.58%.
With a surplus of $41.99 billion the trade balance data in China appeared to be narrower than the anticipated $48.6 billion for August. The country’s imports gained 13.3%. It surpassed than the 10% leap observed. As for experts, they demonstrated a 5.5% surge versus the anticipated 6 jump.
As Australia reported, July’s home loans data rallied 2.9% versus a 1% profit observed.
Overnight, the US currency sagged to 32-month minimums versus the other key currencies reacting to the publication of dismal American jobless claims data as well as remarks by ECB Governor Mario Draghi, which sent the common currency higher.
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
Joe Biden is going to unveil a Covid-19 relief package of about $2 trillion. After this announcement, the 10-year Treasury yield rose, adding support for the USD.
The US dollar’s weakness offered a boost to emerging-market currencies and oil.