EUR/USD Resumes Ascendancy: Overview for January 12, 2024

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_3-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> is back on an upward trajectory following the release of US <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> data.</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> is set for growth this Friday, with the current quote in EUR/USD at 1.0975.</p>

<p>The eagerly awaited inflation data has been unveiled. The official Consumer Price Index climbed to 3.4% year-on-year in December, up from 3.1% the previous month. In a month-to-month comparison, the figure surpassed expectations with a 0.3% increase. However, core inflation slightly decreased year-on-year, settling at 3.9%, maintaining the same 0.3% monthly growth rate.</p>

<p>In December, US food prices experienced a 0.2% increase, while energy prices witnessed a 0.1% decline.</p>

<p>The statistics presented a mixed picture, failing to provide clear <a href="https://blog.roboforex.com/blog/2019/11/28/signals-on-forex-where-to-search-how-to-find-filter-and-create/" data-internallinksmanager029f6b8e52c="101" title="Signals">signals</a>, and the Federal Reserve refrained from making any comments. Consequently, the market played against the US dollar.</p>

<p>The weekly report on initial jobless claims in the US held steady at 202,000, defying forecasts that suggested an increase to 210,000.</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/2024/01/12/eur-usd-resumes-ascendancy-overview-for-january-12-2024/">EUR/USD Resumes Ascendancy: Overview for January 12, 2024</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>