4 Global Market Updates-22 August, 2022

In this article, we have covered the highlights of global market news about the Euro and USD- MUFG, EUR and GBP, EUR/USD and GBP/USD – DBS Bank, and EUR/USD -ING.
EUR/USD: Parity breach should show greater durability this time, according to MUFG

A break of parity in the EUR/USD rate is imminent. The rise might be more prolonged than last month’s breach beneath parity, according to MUFG Bank economists.

“A breach below parity at this point may be significant. The past month’s parity breach was brief, and it only occurred on one day—the 14th of July—on an intraday basis. Indicators of growing confidence in the next breach being more persistent include a recovery followed by a retracement of the bounce and a break below parity. We absolutely anticipate that.

 

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