Euro/Dollar Makes a Comeback – Overview for August 31, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_10-360×360.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 rebounded following a 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> showed resilience on Thursday, with the current EUR/USD exchange rate at 1.0920.</p>

<p>US economic statistics released yesterday painted a pessimistic picture, reflecting the challenges posed by high-interest rates. The market interpreted this data as a potential signal of the Federal Reserve reconsidering its plans to raise interest rates. Overall, the main driver in the market is speculation surrounding interest rates.</p>

<p>In Q2, US <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> increased by 2.1%, falling short of the expected 2.4% growth. This follows a 2.0% expansion in Q1.</p>

<p>August saw the US private sector add just 177 thousand jobs, falling short of expectations. The previous month, this indicator had shown an increase of 371 thousand jobs.</p>

<p>While ADP statistics don't directly correlate with the non-farm payrolls report due on Friday, they provide a general sense of the employment landscape.</p>

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