4 Global Market Updates- 14 October, 2022

In this article, we have covered the highlights of global market news about the AUD/USD, EUR/USD, GBP/USD and USD/CNH.

AUD/USD falls below 0.6300 on risk aversion, USD buying.

On Friday, the AUD/USD pair draws new sellers at the mid-0.6300s and gives up its small intraday advances to a four-day high. During the first part of the European session, the pair drops under the 0.6300 level, and as some US dollar dip-buying starts to surface, it is now edging closer to the daily low.

After Thursday’s US session, the most recent upward trend in the stock markets swiftly fades away due to concerns over a deepening global economic slowdown. The anti-risk flow puts downward pressure on the AUD/USD pair and aids in reviving demand for the safe-haven dollar. In addition, the odds of the Fed tightening policy more aggressively favor the USD bulls.

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