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On Wednesday, the Australian dollar declined notwithstanding strong building figures for June. Additionally, market participants are waiting for an interest rate report from India.
Estimating the US currency’s strength versus six key rivals, the US dollar index grew 0.03% trading at 92.94.
As Australia posted, June’s building approvals went up 10.9%, outpacing a 1.5% profit observed month-on-month.
The Reserve Bank of India is going to disclose its latest interest rate verdict with a drop to 6% observed from 6.25% for the benchmark as well as the reverse repo rate sliding from 6.00% to 5.80%. The currency pair ISD/INR tacked on 0.10% sticking to 64.120.
The currency pair AUD/USD declined 0.20% being worth 0.7953. At the same time USD/JPY got to 110.63, soaring 0.24%.
Previously, in New Zealand, the employment change on the second quarter went down 0.2%, missing a 0.7% profit observed for an unemployment rate standing still at 4.8%.
The currency pair NZD/USD reached 0.7426, descending 0.58% reacting to the data.
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 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.
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