The EUR/USD Pair: Holding Steady: Overview for October 27, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_15-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair maintains its stability despite a deluge of news.</p>

<p>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> maintained its balance on Friday. The current exchange rate for EUR/USD is 1.0566.</p>

<p>The currency market has been inundated with statistics and other information.</p>

<p>In its recent meeting, the European Central Bank decided to keep 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> at 4.5% per annum. Currently, the regulator does not contemplate relaxing its credit and monetary policy. While it has managed to keep <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> somewhat under control, the future remains uncertain. The ECB is ready to employ all its fiscal tools if needed.</p>

<p>The United States surprised the market with a preliminary Q3 <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> report. The economy surged by 4.9%, surpassing the expected 4.3%. In Q2, the GDP had grown by 2.1%.</p>

<p>In theory, this more than twofold increase is great. However, in practice, it complicates matters, as the Federal Reserve may use this data as a reason to persist with its tight credit and monetary policy. This is beneficial for the dollar but less so for the market.</p>

<p>The volume of durable goods orders in September increased by 4.7% following a minimal 0.2% rise in August. It appears that both consumers and companies anticipate ongoing price increases and have started making more purchases.</p>

<p>On Friday, we can expect more data. Keep an eye on the US personal income/spending release and the Core PCE report, a key inflation component closely monitored by the Fed.</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/2023/10/27/the-eur-usd-pair-holding-steady-overview-for-october-27-2023/">The EUR/USD Pair: Holding Steady: Overview for October 27, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>