EUR/USD Consolidates Amidst Calm Markets: Overview for January 15, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_3-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair maintains its consolidation stance in the tranquility of this Monday.</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> remains neutral in today's subdued market. The current exchange rate for EUR/USD is recorded at 1.0963.</p>

<p>Recent US statistics on the consumer price index have introduced a shift in the perspective regarding the future actions of the US Federal Reserve. The country's <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> has accelerated to 3.4% year-on-year, up from the previous 3.1%. Core inflation, however, has not provided clear <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a>, indicating an uneven decrease in inflation that poses a challenge for the Federal Reserve.</p>

<p>Anticipated to commence monetary policy easing as early as March 2024, the US regulator contemplates an <a href="https://blog.roboforex.com/blog/2019/10/22/trading-news-how-to-earn-on-interest-rates/" data-internallinksmanager029f6b8e52c="90" title="Interest rate">interest rate</a> reduction ranging from 5.25% to 5.50% per annum, with an expected 25 basis points reduction. The capital market foresees six interest rate cuts throughout the year.</p>

<p>The pivotal question revolves around whether the Federal Reserve deems the current situation conducive to implementing rate cuts. The central bank awaits a decisive victory over inflation, and as this achievement has not been realized yet, a pause in rate adjustments may persist.</p>

<p>In the United States, the celebration of Martin Luther King Jr. Day on Monday contributes to minimal market activity.</p>

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