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On Friday, the evergreen buck stayed off this week's minimums in cautious trade because market participants waited for major monthly American employment data after other poor economic data cast doubts on whether the US major bank will lift interest rates again in 2017.
The dollar index, normally gauging the US currency versus a bunch of six rivals, didn’t change, sticking to 92.688, braced for a moderate weekly decline. It stood above this week's 2-1/2-year minimum of 91.621 reached amid renewed tensions on the Korean peninsula.
On Friday, Japanese Finance Minister Taro Aso announced that he was cancelling a scheduled trip to America for preparatory economic negotiations because of national security uncertainties generated by North Korea after it launched a ballistic missile, which flew over Japan on Tuesday.
Versus the Japanese yen, the evergreen buck soared 0.1% hitting 110.04, gaining 0.6% for the week and quite above this week's 4-1/2-month drop of 108.265 yen.
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.
Jump in to know the key market events and trading ideas for this week!
The Canadian central bank will make a monetary policy report and announce interest rates on Wednesday, January 20, at 17:00 MT time. Also, the BOC press conference will be held later.
USD’s rally takes a pause, while riskier assets are modestly rising.
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