Strong EUR Delivers a Christmas Surprise: Overview for December 25, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_21-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair confidently lingers at local peaks this Monday, with the current exchange rate standing at 1.1000.</p>

<p>With the majority of crucial statistics already disclosed, the market, while awaiting a few details, has largely absorbed the critical events of 2023.</p>

<p>Friday's US reports carried positive tones, marked by notable moments. Notably, the base personal spending price index for November eased to 3.2% y/y from the preceding month's 3.4%, surpassing expectations. On a month-to-month basis, the index exhibited a 0.1% rise, mirroring October. The decline in <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> parameters tracked by the Federal Reserve presents an encouraging signal for risk enthusiasts.</p>

<p>Durable goods orders in the US witnessed a substantial 5.4% m/m growth in November, surpassing the anticipated 1.7% increase. In the previous month, the index had experienced a revised loss of 5.1%, showcasing the characteristic <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> of this index.</p>

<p>The consumer sentiment index by the University of Michigan for December surged to 69.7 points from the previous 61.3 points, boding well for capital markets.</p>

<p>However, not all news was positive, as new home sales in November dwindled to 590 thousand from October's 672 thousand.</p>

<p>Given the Christmas celebrations in the Catholic world, market activity will remain subdued today and tomorrow.</p>

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<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a href="https://blog.roboforex.com/blog/2023/12/25/strong-eur-delivers-a-christmas-surprise-overview-for-december-25-2023/">Strong EUR Delivers a Christmas Surprise: Overview for December 25, 2023</a> appeared first at <a href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>