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?
Yen edges up as political woes for Trump hit greenback
On Friday, the Japanese yen kept rising in Asia, with the greenback on the back-foot over a widening sag in faith that Donald Trump is capable of carrying through a set of aggressive economic policies.
The currency pair USD/JPY showed an outcome of 109.42, dipping 0.15%, AUD/USD hit 0.7895, gaining 0.11% following China’s housing figures.
In China, house prices for July demonstrated a 9.7% ascend, versus a 10.2% revenue reported in June.
The US dollar index that estimates the greenback’s value versus a trade-weighted basket of six main currencies went down 0.09% being worth 93.56.
Overnight, the evergreen buck soared versus a basket of crucial currencies because the White House spread rumors that National Economic Council Chairman Gary Cohn was braced for resigning, while positive jobs and manufacturing data raised market sentiment.
The evergreen buck resumed its growth, having pared earlier revenues because a White House official told that Cohn’s solely focused on his responsibilities as NEC Director, accordingly any reports to the contrary appear to be absolutely false.
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.