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 sinks further on disappointing trade
On Thursday, the Australian dollar declined further during early Asia because the trade balance fell short of surplus hopes and Caixin reported its PMI for services in China went down as nonfarm payrolls are expected at the end of the week.
The currency pair AUD/USD demonstrated 0.7932, dipping 0.44%. The outcome of USD/JPY was 110.67, decreasing 0.02%. As for GBP/USD, this pair traded at 1.3218, losing 0.04%.
A trade balance surplus of A$856 million turned to be far below the A$1.800 billion actually expected for June in Australia. Additionally, in China the Caixin services PMI showed 51.5, which is quite below the 51.9 reading observed previously.
Overnight, the greenback declined versus a basket of global peers, after July’s private sector job creation managed to undershoot forecasts, thus lowering expectations for nonfarm payrolls news due this week.
ADP and Moody's Analytics told that American private employers generated 178,000 jobs for the month, and that’s short of expert’s forecasts of 185,000.
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.