EUR/USD Takes a Breather: Overview for December 12, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_13-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair has hit the pause button, anticipating crucial updates.</p>

<p>This Tuesday finds 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> in a state of stillness, with the current EUR/USD exchange rate holding steady at 1.0765.</p>

<p>The spotlight turns to the commencement of the two-day Federal Reserve System meeting. The <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> decision is expected to maintain neutrality, keeping the rate steady at 5.50% per annum. Yet, all eyes are on the Fed's forward-looking comments: the how, when, and under what conditions of potential borrowing cost reductions.</p>

<p>Fresh data on US <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> for November is due on Tuesday, with a forecast of zero in month-to-month comparison. On an annual basis, it's expected to dip to 3.1% from the previous 3.2%.</p>

<p>Thursday brings the European Central Bank's meeting. While rate hikes are on hold, investors anticipate potential future reductions. The current ECB rates are 4.50% annually, with a deposit rate of 4.00%. The ECB is following through with its planned balance reduction. The European regulator maintains its inflation target at 2%, carefully monitoring price trends. General calculations suggest that, by mid-2024, price pressures could align with current levels.</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/2023/12/12/eur-usd-takes-a-breather-overview-for-december-12-2023/">EUR/USD Takes a Breather: Overview for December 12, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>