
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?
On Friday, the evergreen buck slumped in Asia notwithstanding better-than-anticipated labour as well as inflation data published overnight.
Tracking the greenback’s purchasing potential versus a group of other currencies the USD index decreased by 0.2% ending up with 96.597.
On Thursday, the Labor Department informed that its core producer price index managed to surge by 0.3% in March, which is above experts’ forecasts for a 0.2% ascend. The core PPI went up by 2.4% for the 12 months through March.
It also informed that initial jobless claims headed south by 8,000 to a seasonally updated 196,000 by April 7, thus ruining hopes for a leap.
A lot of market players had taken a bearish view on the evergreen buck after the American CPI numbers published earlier in the week, although they were forced to steeply cover short positions because Thursday's data turned out to be firm.
The minutes of the Fed’s recent policy gathering, published on Wednesday, told that various Fed policymakers were assured that the appropriate level for interest rates could move in either direction.
By the way, previously the Federal Reserve told that the next move in American interest rates might be down rather than up.
Besides this, the currency pair GBP/USD soared by about 0.2% being worth 1.3072 right after the European bloc agreed to push back Britain’s departure date as far as Oct. 31.
Additionally, the currency pair AUD/USD managed to rally by about 0.1% following the publication of the Reserve Bank of Australia’s fresh financial stability review.
The currency pair USD/CNY stood still, sticking with 6.7189.
As for the currency pair USD/JPY, it jumped by 0.1% hitting 111.74.
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.
FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.
Your request is accepted.
A manager will call you shortly.
Next callback request for this phone number
will be available in 00:30:00
If you have an urgent issue please contact us via
Live chat
Internal error. Please try again later
Don’t waste your time – keep track of how NFP affects the US dollar and profit!
Beginner Forex book will guide you through the world of trading.
We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.