EURUSD surrendered parity once more in early trade, failing to take out Fridays high. Get your market update from zvawda here:
index open higher and push on facilitating a +/-60 pip drop on EURUSD and other dollar pairs, while markets appear cautious as US President Joe Biden declared the US military would defend Taiwan in the event of an invasion by China.seems to be the driving force of the move lower in EURUSD this morning as indicated on the currency strength chart below.
forecast for 2023 to 1.1% from a previous estimate of 1.5%. The bank stated that increasing risks from tightening policy is expected to see liquidity sucked out of the market.meeting this week should set the stage for the fourth quarter as markets wait with bated breath. The implications from the meeting will be felt across global markets with the Fed leading the tightening cycle, while remaining in a better position economically than some of its peers.
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