EUR/USD Pauses for Key Data: Summary for October 11, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_9-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> maintains a neutral position as it anticipates critical economic data.</p>

<p>The major <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 in a state of pause as we approach the middle of the week. The current exchange rate for EUR/USD is at 1.0605.</p>

<p>This primary currency pair is confined within a narrow range as the market awaits the release of the latest meeting minutes from the US Federal Reserve, keen on the insights they may unveil.</p>

<p>Recent statements from various Fed representatives suggest a potential delay in the need for tightening the monetary policy. Their remarks have shifted to a more cautious and measured tone.</p>

<p>Raphael Bostic, president of the Federal Reserve Bank of Atlanta, mentioned yesterday that there might not be a pressing need for the central bank to raise borrowing costs. Neel Kashkari, president of the Federal Reserve Bank of Minneapolis, echoed a similar sentiment.</p>

<p>Today, the spotlight is on September's price data, especially within the manufacturing sector. The focal publication of the day will be the minutes from the Federal Reserve's previous meeting.</p>

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