4 Global Market Updates- 14 December, 2022

 

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

EUR/USD will fall to sub-1.05 levels as a result of Fed rate protest – ING

Over 1.0600, the EUR/USD is stabilizing. On a credible rate protest from the Federal Reserve, according to ING economists, the pair is predicted to revert down below the 1.0500 level.  Greater than the Lagarde impact is the Powell effect.

“Today’s FOMC statement will indicate whether the Fed can continue to support the Dollar in some capacity, and tomorrow’s ECB statement might provide information regarding possible balance sheet reduction. However, the Powell impact was far larger and lasted longer than the Lagarde effect on the EUR/USD.

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