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 rebounds in Asia
On Tuesday, the evergreen buck gained smartly versus the Japanese yen in Asia in rebound trade because Donald Trump told that the America would proceed with its military support to Afghanistan after 16 years.
The currency pair USD/JPY hit 10.9.27 soaring 0.28%. Meanwhile, AUD/USD showed 0.798, staying intact. As for GBP/USD, this pair demonstrated 1.1885, descending 0.13%.
Overnight, the American currency slumped versus a basket of global currencies amid a leap in safe-haven demand, reacting to renewed geopolitical tension in the Korean Peninsula, caused by US-South Korea military drills.
The US dollar lost ground versus safe-haven currencies like the Japanese yen as well as the Swiss franc after on Monday America and South Korea started computer-simulated military drills.
The Chicago Fed Activity Index, gauging economic activity as well as inflation projections, missed hopes moderately, dipping 0.01% to 0.15 from last month.
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.
We are now past the middle of January, and this means that the largest US companies will report their earnings for the fourth quarter and many of them will provide the results of the entire 2020.