4 Global Market Updates- 4 January, 2023

 

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

EUR/USD speeds up advances and refocuses 1.0600

The euro regains some equilibrium as Wednesday’s sharp decline to the 1.0520/15 zone against the Dollar is mostly forgotten.

After three straight weeks of gains, EUR/USD enters the first week of 2019 on the back foot, but Wednesday’s recovery focuses on a possible test or breach of the 1.0600 barriers.

The pair have been in a better mood due to the knee-jerk reaction in the Dollar that followed the significant rebound earlier in the week.

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