4 Global Market Updates- 27 October, 2022

 

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

USD/CHF falls near 0.9840 as DXY’s pre-event consolidation erupts.

After failing to overcome the primary barrier of 0.9870 in the early European session, the USD/CHF pair has decreased. Pressure on the major has increased due to an outburst of pre-event consolidation in the US dollar index (DXY).

The DXY has re-established its day’s low at 109.54 and is anticipated to be on edge as market players’ risk appetite has significantly increased. As the corrective move ended and investors poured money into risky assets, S&P500 futures mostly recovered from Wednesday’s losses.

Meanwhile, as investors await the publication of crucial economic data from the US economy, the 10-year US Treasury rates have been more depressed. Starting the US Gross Domestic Product (GDP) data, which is anticipated to increase by 2.4%, might result in a significant change in the DXY.

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