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?
Greenback dips versus yen In Asia as NKorea tensions revive
On Tuesday, the evergreen buck sank versus the Japanese yen because key bank minutes from Japan demonstrated no surprises, although market participants were still cautious as for tensions on the Korean peninsula, including a recent bunch of threats from Donald Trump.
The currency pair USD/JPY hit 111.62, sliding 0.11%, AUD/USD reached 0.7948, ascending 0.14%. As for EUR/USD, this currency pair grew 0.10% being worth 1.1860.
On Tuesday, the Bank of Japan also issued its monetary policy gathering minutes, which revealed that policymakers are geared up towards sticking with their current policy framework. The minutes also hinted there was solid reason to be optimistic as for consumer prices due to the fact measures of inflation expectations had stopped going down.
Gauging the greenback’s value versus a trade-weighted basket of six key currencies, the US dollar index went down 0.08% trading at 92.37.
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.