4 Global Market Updates- 2 November, 2022

 

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

EUR/USD will conclude the year at 0.95 and remain there until the beginning of 2023 – BofA

Bank of America Global Research economists anticipates that the FOMC policy decision will strengthen the US currency. As a result, they predict that by the end of the year, EUR/USD will be at 0.95.

Fed’s pledge to maintain its support for the USD “We anticipate the Fed to increase its federal funds rate target range by 75 basis points to 3.75–4.0% in November. In our opinion, the decision on the November policy rate is unrelated to the November FOC meeting. The discussion during the meeting is on what to anticipate in December and beyond and future policy rate guidance.

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