Fundamental analytics

Daily News - Dollar declines after Steven Mnuchin's claims

1. US and Germany set anti-records for COVID-19
2. NBK left rates unchanged
3. The dollar is under pressure

On Thursday, new anti-records were installed in Germany and the United States for the daily registration of new cases of coronavirus infection. According to Reuters, 185 thousand new infections were identified in the United States. It is also reported that many hospitals are overcrowded and there is a shortage of staff. In Germany, 23648 new infections have been reported in the past 24 hours. Over the past 4 days alone, more than a thousand people have died of COVID-19 in the country. To contain the spread of the pandemic, EU authorities may issue a permit to use vaccines from Pfizer & BioNtech and Moderna Inc. Already in December of this year. This information was distributed today by Bloomberg, citing the head of the European Commission, Ursula von der Leyen.
Today, China weakened the yuan against the US dollar by 0.46%. Also, the People's Bank of China left the main rate on loans for first-class borrowers (LPR) unchanged. The LPR rate on loans for one year is at 3.85%, and the LPR on loans for 5 years is at 4.65%. The regulator has been keeping key rates unchanged for 7 months.
The US dollar today came under pressure after statements by the US Treasury Secretary that the Fed should return the undisturbed $455 billion from a fund designed to fight coronavirus. Mnuchin sent the corresponding letter to the Fed. According to Mnuchin, if necessary, Fedrezero can re-request these funds.

News to pay attention today:
07:00 GMT. United Kingdom: Retail Sales Report
13:30 GMT. Canada Retail Sales Report