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?
Crypto assets slump
On Thursday, crypto assets generally dived. It’s because trading was still thin because of the Thanksgiving holiday.
As a matter of fact, on the Bitfinex exchange, Bitcoin headed south by 2.57% ending up with $4,537.90 having slumped to $4,411.00 on Tuesday.
In general, crypto assets declined, with the overall crypto market capitalization at about $147 billion at the time of writing, which is less than $150 billion recorded on Wednesday.
Besides this, Ethereum dived by 4.92% trading at $133.85. Litecoin reached $33.510, diving by 1.27%. As for XRP, this digital coin inched down by nearly 1.76% being worth $0.44332.
In addition to this, France’s National Federation of Tobacco Vendors revealed that tobacco shops are going to offer bitcoin vouchers on January 1, 2019. The project was started by French startup Keplerk. It gives users an opportunity to have their vouchers converted into Bitcoin and store it on crypto wallets on its platform.
By the way, the startup has been attempting to sell to retail investors for more than a year. It’s on the verge of charging a 7% commission on its transactions.
Additionally, the French key financial institution doesn’t oversee the Keplerk initiative. What’s more, it warned traders against the potential risks of injecting funds in crypto assets.
On Wednesday, the key French bank told that digital coins can be defined as solely speculative assets, having nothing in common with fiat currencies. Respectively, those who investing in Bitcoin as well as other digital coins expose themselves to a high risk.
Aside from that, Saudi Arabia is geared up towards starting its own crypto asset in 2019.
The crypto project of the United Arab Emirates is expected to be completed approximately by mid-2019. That’s what the head of innovation at the Saudi Arabian Monetary Authority, the country’s key financial institution, Mohsen Al Zahrani revealed.
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.