
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 was braced for a weekly loss versus its counterparts notwithstanding a leap due to the fact that investors discussed the likelihood of the American government shutdown.
Measuring the purchasing potential of the greenback against its main counterparts the USD index acquired 0.70% demonstrating 96.95.
On Friday, American leader told that ahead of a midnight deadline a long government shutdown would be real. This scenario will come true if the US legislative body fails to pass spending legislation, including $5 billion to have his border wall funded.
The firm profits for the evergreen buck arose even as a mostly negative American economy powered some fears about economic surge.
As a matter of fact, the country’s gross domestic product grew at a 3.4% annual rate for the July-September period. That’s what the Commerce Department disclosed in its final forecast, which appears to be below a previous one of 3.5%.
Moreover, the Federal Reserve's favorite inflation gauge, the personal consumption expenditures price index without energy and food managed to acquire 1.9% for the 12 months through November.
Apparently, core PCE prices turned out to be a bit weaker-than-anticipated, hinting that the key US bank might freeze its rate lifts in the first quarter without being concerned about inflationary pressures.
Early this week Federal Reserve Chair Jerome Powell told that monetary policy verdicts would depend on data. He also emphasized that rate lifts would be put on hold if inflation dives below the major bank’s 2% objective.
The evergreen buck was also underpinned by a slump in the common currency as well as a dive in the value of the UK pound.
The currency pair EUR/USD went down by 0.67% hitting $1.1369, while GBP/USD slipped by 0.15% ending up with $1.2639.
USD/JPY gained 0.04% trading at Y111.32.
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.
S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.
PMI reports from the EU, the UK, and the USA will be released during the day!
The European Central Bank will publish the monetary policy statement with the interest rate decision on January 21, at 14:45 MT time.
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