EUR Shows Moderate Growth: Overview for October 12, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_10-360×360.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 gradually climbing, influenced by a slowdown in US <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a>.</p>

<p>The central <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 seeing a cautious increase on Thursday. Currently, the EUR/USD exchange rate is at 1.0630.</p>

<p>The recent release of the US Producer Price Index (<a href="https://blog.roboforex.com/blog/2021/09/24/what-is-ppi-and-how-to-use-it/" data-internallinksmanager029f6b8e52c="202" title="PPI">PPI</a>) statistics indicates a steady decline in inflation during September. This has reignited discussions among investors about whether the Federal Reserve is concluding its aggressive <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> hike cycle.</p>

<p>In September, the US PPI rose to 2.2% year-on-year, up from the previous figure of 1.6%. On a month-to-month basis, the index only increased by 0.5%, a slowdown from August's 0.7% rise.</p>

<p>The speculation regarding whether the era of heightened borrowing costs is concluding will remain a pivotal point for financial markets until the Fed's November meeting. It is at this point that the regulator's intentions regarding interest rates will become clearer.</p>

<p>Today's focal points include the release of US consumer price data for September and the weekly jobless claims numbers.</p>

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<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/2023/10/12/eur-shows-moderate-growth-overview-for-october-12-2023/">EUR Shows Moderate Growth: Overview for October 12, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>