4 Global Market Updates- 20 December, 2022

 

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

EUR/USD fights for a definite intraday trend and consolidates around the 1.0600 mark

The EUR/USD pair failed to generate real momentum throughout Tuesday’s early European session and oscillated between modest gains and slight losses. However, below the 1.0600 level, spot prices remain vulnerable to changes in the price of the US Dollar.

The Japanese Yen’s recent surge, sparked by the Bank of Japan, is weighing on the US Dollar and supporting the EUR/USD pair to some extent. Nevertheless, several factors continue to work in favor of the Dollar, limiting the major’s upward potential, at least temporarily.

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