EUR/USD Hits Fresh High: Overview for November 20, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_1-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>Traders involved in <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> are anticipating a shift in Federal Reserve monetary policy.</p>

<p>The primary <a href="https://blog.roboforex.com/blog/2020/06/19/how-to-choose-a-currency-pair-for-trading-in-forex/" data-internallinksmanager029f6b8e52c="142" title="Currency Pair">currency pair</a> is lingering near a two-month peak this Monday. The current exchange rate for EUR/USD is at 1.0922.</p>

<p>The sentiment toward the US dollar has taken a turn. In the wake of a series of lackluster macroeconomic reports in the preceding week, notably the disappointing <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> figures, investors are pondering the trajectory of monetary policy. The prevailing consensus is that the Fed might need to adjust its policy stance given the emerging signs of a weakening economy.</p>

<p>As per the CME FedWatch tool, the market is assigning a 30% probability for the US to ease its monetary policy come March.</p>

<p>Maintaining a measured perspective is crucial. The Federal Reserve is unlikely to make abrupt policy changes; it will likely accumulate substantial evidence before considering a shift. Nonetheless, these expectations mirror the shifting sentiments in the market.</p>

<p>At the moment, these sentiments are not in favor of the US dollar, indicating a leaning towards riskier assets</p>

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