4 Global Market Updates- 4 October, 2022

 

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

EUR/USD is stronger and gets closer to 0.9900, says Lagarde.

The continued euphoria around the euro encourages the EUR/USD to play Tuesday with the edges of the critical resistance level at 0.9900.

Due to the dollar’s continued decline and a further improvement in the risk-related universe, EUR/USD extends Monday’s gain and moves closer to the 0.9900 level. As a result, the pair begins the second week in a row after bottoming out at 0.9350 in late September.

The upbeat mood around the pair coincides with a further decline in the yields on German 10-year bunds, which are now testing the 1.80% area after reaching new multi-year heights around 2.35% last week.

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