Euro/Dollar Displays Signs of Recovery: Overview for September 29, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_4-360×360.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> has found stability after a period of decline.</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> shows resilience as the week comes to a close. The current exchange rate for EUR/USD is set at 1.0580.</p>

<p>Following a dip to local lows, the Euro/Dollar pair has rebounded. However, given the unchanged global context, this rebound may only be temporary.</p>

<p>Yesterday's released statistics portrayed a mixed economic picture. The final calculation of Q2 <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> in the US revealed a 2.1% q/q economic growth, aligning with previous estimates. The forecast had anticipated a 2.2% increase.</p>

<p>In the US, the weekly report on initial jobless claims showed a slight uptick to 204,000 from the previous 201,000. The employment sector in the US remains robust and steady.</p>

<p>Contrarily, the real estate segment is sending conflicting <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>. Pending sales in the US existing homes market experienced a 7.1% m/m decline, whereas the previous month witnessed a 0.5% m/m increase. Forecasts had predicted a 1.1% decrease. These statistics reflect the number of signed home purchase contracts yet to be finalized. This could serve as an economic cautionary signal: while available immovable property exists, prices have surged to prohibitive levels.</p>

<p>Today promises a wealth of macroeconomic data. Monitoring the <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> figures for August, along with personal spending and income statistics for Americans, is advisable.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/09/29/euro-dollar-displays-signs-of-recovery-overview-for-september-29-2023/">Euro/Dollar Displays Signs of Recovery: Overview for September 29, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>