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?
Breaking: China will raise tariffs on the US goods on June 1
Chinese authorities plan to apply tariffs on $60 billion of US goods. USD/JPY is testing the support at 109.26 on the news. The next support lies at 108.62. If the pair reverses, the resistance is placed at 110.11.
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.