Euro/Dollar Faces Bearish Pressure – Overview for September 4, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_12-Copy-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>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair is experiencing downward pressure due to market expectations.</p>

<p>The major <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> continued to exhibit weakness on Monday, although it is making efforts to stage a correction. The current EUR/USD exchange rate is at 1.0780.</p>

<p>Last Friday, the US released a significant set of crucial macroeconomic statistics that made an impression on investors and reignited discussions about the future of interest rates in the US market.</p>

<p>The unemployment rate increased to 3.8%, up from the previous month's 3.5%. Average hourly earnings saw a modest 0.2% month-on-month growth, falling short of the expected 0.3% and the previous 0.4% increase. These numbers are less than encouraging and suggest that the economy is still adjusting to high-interest rates and not performing at its best.</p>

<p>Non-farm payrolls, however, added 187,000 jobs, surpassing expectations.</p>

<p>Overall, the data presented provides room for investor speculation. It's the employment market that currently appears mixed, and it's uncertain whether the Federal Reserve will base its November <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> decision solely on this factor.</p>

<p>Today is a holiday in the US, so there will be no economic statistics released. The Eurozone will present the Sentix investor confidence index, which is expected to drop to -19.6 points in September.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/09/04/euro-dollar-faces-bearish-pressure-overview-for-september-4-2023/">Euro/Dollar Faces Bearish Pressure – Overview for September 4, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>