4 Global Market Updates- 12 October, 2022

In this article, we have covered the highlights of global market news about the AUD/USD, USD/CHF, USD/CAD and NZD/USD.

AUD/USD gets new demand below 0.6250 as US Inflation buzzes.

After feeling some buying activity around about 0.6240, the AUD/USD pair has firmly held its negative bias. As the risk-on urge has arisen, the asset has extended its gains to approximately 0.6280. Investors dismiss hawkish Federal Reserve (Fed) pessimism and support risk-perceived currencies.

The US dollar index (DXY) is trying to re-test Tokyo’s knee-jerk response to around 113.00, as investors flee the haven after failing to maintain near new weekly highs at 113.60.

This week’s show-stopping event will be the US consumer Price Index (CPI) statistics publication on Thursday. According to market predictions, headline US inflation might fall to 8.1%. While the core CPI, which excludes oil and food prices, may rise to 6.5%.

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