4 Global Market Updates- 22 November, 2022

 

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

NZD/USD might go back below 0.60 by the end of the year, according to ING.

Tomorrow at 1:00 GMT, the Reserve Bank of New Zealand will announce its monetary policy. A 50 basis point or a 75 basis point boost is likely. In any event, ING experts predict that the effect on the Kiwi would be minimal.

Any NZD movements made after the meeting will be transient. In light of warnings against an excessively aggressive strategy from indicators of a quickening housing market collapse, 50 bps is more likely. However, most experts and the markets (66 basis points in price) favor a move of 75 basis points.

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