Euro/Dollar Holds Steady – Overview for August 28, 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" decoding="async" loading="lazy" style="margin-bottom: 15px;" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> finds stability after a challenging week.</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 currently in a consolidation phase on Monday. The current EUR/USD exchange rate is set at 1.0810.</p>
<p>Jerome Powell, the Federal Reserve Chair, delivered a speech at the Jackson Hole Economic Symposium in the US last Friday. The Fed's stance came as no surprise; the regulator intends to persist in raising interest rates if necessary.</p>
<p>The primary reason for maintaining a hawkish stance is the prevailing price <a title="<div class="wpg-tooltip-content"><p>A trend is a direction in which the market or the price of an instrument is moving. Trends can be upward, downward or sideways and are common to all types of markets.</p></div>" href="https://blog.roboforex.com/glossary-terms/trend/">trend</a>. The Fed contends that <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> in the country remains at a significant level. Although the consumer price index has eased from its peak values, it remains insufficient.</p>
<p>The tight monetary policy will continue as long as both the Federal Reserve and the economy deem it necessary. The Fed's <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> target remains at 2%.</p>
<p>Investors had been anticipating a similar stance, which is why reactions have been relatively subdued. The US dollar is solidifying its position, and <a href="https://blog.roboforex.com/blog/2020/08/20/what-is-volatility-and-how-to-use-it-on-forex/" data-internallinksmanager029f6b8e52c="150" title="Volatility">volatility</a> in EUR/USD is expected to decrease.</p>
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<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/2023/08/28/euro-dollar-holds-steady-overview-for-august-25-2023/">Euro/Dollar Holds Steady – Overview for August 28, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>
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