EUR/USD Finds Stability: Overview for December 01, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_8-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" 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 finding its balance.</p>

<p>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> retraced lower by Friday, with the current EUR/USD exchange rate standing at 1.0904.</p>

<p>Excessive market emotions are slowly subsiding.</p>

<p>In October, American earnings increased by 0.2% m/m, following a previous 0.4% m/m growth. This outcome was in line with expectations. Spending also rose by 0.2% m/m after a 0.7% increase in September.</p>

<p>These moderate results can be seen as an intermediate stage in economic development.</p>

<p>The Federal Reserve&rsquo;s closely watched <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> report provided interesting data. The Core PCE Price Index in October grew by 0.2% m/m, matching forecasts. Core inflation in September saw a 0.3% increase. In a year-on-year comparison, the indicator in October was 3.5%, compared to 3.7% previously.</p>

<p>It appears that inflation is indeed slowing down, indicating that the regulator has no pressing reasons to increase interest rates. However, this doesn't preclude them from maintaining a high rate for as long as necessary.</p>

<p>For instance, the eurozone has successfully managed inflation. According to preliminary data, the <a href="https://blog.roboforex.com/blog/2021/08/25/what-is-consumer-price-index-and-how-to-use-it-in-forex/" data-internallinksmanager029f6b8e52c="197" title="CPI">CPI</a> in November dropped to 2.4% y/y from 2.9% earlier. The forecast suggested a decrease to 2.7%.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/01/eur-usd-finds-stability-overview-for-december-01-2023/">EUR/USD Finds Stability: Overview for December 01, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>