4 Global Market Updates- 8 November, 2022

 

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

EURUSD is unlikely to trade above parity in the following weeks, according to ING.

Yesterday, the EUR/USD rose back over parity. However, ING analysts do not anticipate the pair to rise over 1.00.

Maintaining parity is a problematic endeavor. “In the eurozone, we heard demands for more tightening, with Governing Council member Francois Villeroy de Galhau and President of the European Central Bank Christine Lagarde keeping a hawkish tone. However, we doubt that, at this time, this is providing peculiar support to the Euro.

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