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 goes up in Asia
On Thursday, the evergreen buck gained some ground on the Japanese yen in Asia, as market talk grows that the BOJ has eyed recent strength as unwarranted while the British pound grew a bit as formal start of Brexit overnight hasn’t roiled the major British currency.
The currency pair USD/JPY got to 111.22, soaring 0.15%. Secondly, GBP/USD showed 1.2449, rising 0.11%, while AUD/USD stood still at 0.7670 after in February HIA new home sales added 0.2% month-on-month, compared to a 2.2% dip last month.
The US dollar index, assessing the greenback’s value against a trade-weighted basket of six crucial currencies, inched up 0.11%, trading at 99.89.
Overnight, the US dollar gained against a basket of main currencies, buoyed by better than expected American home sales data while a tumble in both the common currency and pound backed upside momentum in the US dollar.
The greenback continued its stuttering revival from multi-month minimums, reaching a session peak of 99.96.
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.