4 Global Market Updates- 11 November, 2022

 

In this article, we have covered the highlights of global market news about the EURUSD, AUDUSD, NZDUSD and GBPUSD.

EURUSD may be nearing its recent top, according to ING.

Currently, the EURUSD is just a tale about the dollar and risk sentiment. According to ING economists, the pair is anticipated to reach parity in the near future.

We find it challenging to interpret recent developments as the start of a wide and protracted dollar slump; as a result, the EURUSD may be approaching its short-term top.

Before the latest upward reversal, there were already a few signs indicating the euro was highly oversold; today, we are looking at an even more balanced situation. We see the potential for a quick return to parity between the EUR and US Dollar.

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