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?
EUR/USD crashes below the 1.10 level
The euro could not stay above the 1.1032 level for a long time and fell below the 1.10 handle. The next support level in the focus of bears will lie at 1.0980. If bulls take over the market, they will push the pair higher to the 1.1052 resistance level.
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.