4 Global Market Updates- 12 December, 2022

 

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

EUR/USD bears target 1.0510 as recession worries boost the US Dollar ahead of the Fed vs. ECB game.

As traders anticipate this week’s major developments early on Monday, EUR/USD continues to decline around 1.0500, registering slight losses to prolong Friday’s negative trend. The US Consumer Price Index (CPI) for November and the monetary policy gatherings of the US Federal Reserve, the European Central Bank (ECB), and others get the most attention.

Fears of an economic slowdown inside the bloc and beyond, brought on by the demand for safe-haven assets like the US Dollar, add to pre-event nervousness and impact EUR/USD values.

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