EUR: Setting Records Daily: Overview for December 28, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_24-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair has achieved a high not seen in five months.</p>

<p>On Thursday, 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> continues its ascent, with the current EUR/USD exchange rate standing at 1.1114.</p>

<p>The day has been relatively uneventful, with investors primarily engrossed in shaping expectations concerning the future actions of the US Federal Reserve. Presently, the market is indicating a 90% likelihood of 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> cut in March. The overall decline in borrowing costs for 2024 could potentially reach 158 points, up from the 153 points estimated just yesterday. Evidently, optimism is on the rise.</p>

<p>Market participants are meticulously interpreting every signal regarding the cooling of inflationary pressures. It's noteworthy that the Fed is leaning towards a soft landing for the economy rather than a severe recession.</p>

<p>The <a href="https://blog.roboforex.com/blog/2021/04/15/how-to-use-the-us-dollar-index-in-forex-trading/" data-internallinksmanager029f6b8e52c="176" title="DXY">DXY</a> index might wrap up 2023 with a 2.6% loss, marking the first annual decrease since 2020.</p>

<p>Today, all eyes are on the US with the weekly jobless claims report and the release of pending home sales for November.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/28/eur-setting-records-daily-overview-for-december-28-2023/">EUR: Setting Records Daily: Overview for December 28, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>