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 stands still versus other majors ahead of American inflation data
On Thursday, the evergreen buck didn’t change versus a basket of the other key currencies because market participants waited for reports on American consumer inflation later in the day for new indications on whether the major US bank will raise rates again in 2017.
Estimating the greenback’s actual value versus a trade-weighted basket of six main currencies, the US dollar index hit 91.39.
The given index has ascended 1.14% so far this week, drifting away from the previous week’s more than two-year minimums amid a relief soar spurred by reduced concerns over North Korea’s nuclear program as well as the economic impact of Hurricane Irma.
Renewed expectations for the Trump's administrations plans for a tax overhaul underpinned the evergreen buck on Wednesday.
The greenback sank versus the Japanese yen, with USD/JPY showing 110.36.
The common currency was a bit higher, with EUR/USD being worth 1.1894, staying below last Friday’s two-and-a-half year maximums of 1.2091.
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.