FX Weekly Insights 04/12/22

The story this week focuses on Chinese protests, with the instability surrounding CPC policy following the remarkable levels of unrest reasserting a bearish view of the world economy, with equities and oil falling on the expectation of continued low output from the world's second largest economy. A light week for data releases, Patrick looks again at EUR/USD where stronger-than-expected NFP figures from the US failed to dampen an improving Euro.