EUR Stabilizes: Overview for November 08, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_20-360×360.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 has calmed some of its worries about the stock market.</p>

<p>The main <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> was slightly lower than its previous levels on Wednesday. The current exchange rate for EUR/USD is 1.0690.</p>

<p>The instrument's decline has continued for the third day in a row, with sales being minimal.</p>

<p>The stabilization of the US dollar began when certain Federal Reserve officials made comments in their speeches, indicating that the Fed is considering potential <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> hikes. A speech by Fed chair Jerome Powell is scheduled for this evening, during which he is expected to provide further insights into the central bank's future monetary policy.</p>

<p>Markets continue to speculate on whether the Fed&rsquo;s interest rate has reached its peak or if this is just a temporary pause. While just a week ago, investors had a unanimous view on the maximum interest rate, now, after some time has passed, the market's certainty has diminished.</p>

<p>According to CME FedWatch, the market anticipates a 15% probability of an interest rate increase by January, with a 22% chance of the first interest reduction in March.</p>

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