4 Global Market Updates- 28 September, 2022

 

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

NZD/USD suffers below the 0.5600 level, its lowest level since March 2020, due to a stronger US dollar.

  • Several variables cause the NZD/USD to fall below its two-year low.
  • The US dollar is supported by aggressive Fed rate hike predictions and an increase in US bond rates.
  • Another factor in pulling flows away from the risk-sensitive Kiwi is the risk-off attitude.

In the first part of trading on Wednesday, the NZD/USD pair plummets to its lowest level since March 2020; however, it manages to bounce back a few points in the early European session. The US dollar price is still in control of the pair, which is now trading just below the 0.5600 level and is down about 2% for the day.

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EDGE-FOREX 

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