EUR Experienced Significant Growth: Overview for October 24, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_14-360×360.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 saw a notable overnight increase.</p>

<p>On Tuesday, 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> reached its highest point in October, with the current EUR/USD exchange rate standing at 1.0680.</p>

<p>The surge in US government bond yields, which reached 5% and attracted substantial trader attention, retraced from its peak.</p>

<p>Additionally, the currency pair found support from a reduction in geopolitical risks. The market has responded positively to the lack of escalations in conflicts and some diplomatic progress.</p>

<p>The upcoming week promises a full macroeconomic calendar. The US will release the PMI report and the Core PCE index, a specific <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> component closely monitored by the Federal Reserve. Furthermore, the US is set to publish preliminary Q3 <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> data. On Thursday, the European Central Bank will convene for a meeting. While significant changes in monetary policy are unlikely, the outcomes are worth monitoring. Both the ECB and the Fed are prepared to ease credit and monetary policies in June-July 2024.</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/2023/10/24/eur-experienced-significant-growth-overview-for-october-24-2023/">EUR Experienced Significant Growth: Overview for October 24, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>