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On Wednesday, the Kiwi went down moderately in early Asia trade, with budget figures ahead to dominate the economic outlook, with the evergreen buck soaring overnight.
The US dollar index, assessing the greenback’s value versus a basket of six crucial currencies, managed to grow 0.45% being worth 93.42.
The currency pair NZD/USD reached 0.7278, sliding 0.01%, AUD/USD hit 0.7911, decreasing 0.01%. As for USD/JPY, this currency pair grew 0.09% trading at 109.67.
Overnight, the evergreen buck soared versus a basket of crucial currencies because market participants looked ahead to speeches by ECB Governor Mario Draghi as well as Fed Chair Janet Yellen due later this week.
The ECB’s July policy gathering disclosed that officials warned that the recent ascend in the common currency could potentially hamper the ECB’s efforts to get inflation closer to its objective of below, though close to 2%.
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.
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.
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