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?
Bank of Canada’s meeting
The Bank of Canada will announce its interest rate decision at 17:00 MT time on September 6. Canadian central bank raised its benchmark interest rate by 25 basis points from 0.50% to 0.75% at July meeting. Such step was followed by a significant increase in Canadian dollar’s exchange rate. Canadian economy seems in a good shape and there’s a high possibility of another rate hike by the year-end. At the same time, risks may come from Canada’s neighbor, the United States, as well as the elevated debt of Canadian households.
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.