The Euro Holds Steady: Overview for September 13, 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;" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> remains stable in anticipation of US <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> figures.</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> continues its period of consolidation this Wednesday, with the current EUR/USD exchange rate at 1.0747.</p>

<p>The week thus far has seen no significant US economic data releases. The most intriguing developments are expected to unfold today with the release of the US Consumer Price Index (<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>) report for August. According to forecasts, inflation could have risen to 3.6% year-on-year from the previous 3.2%. On a monthly basis, a 0.6% surge is expected today, compared to 0.2% in the previous report.</p>

<p>Core inflation is anticipated to maintain its growth rate at 0.2% month-on-month. If the data aligns with these expectations, market reactions are likely to be subdued.</p>

<p>In parallel, the Eurozone is gearing up to unveil industrial production statistics for July. Average forecasts suggest that the indicator may have decreased by 0.8% month-on-month following a 0.5% increase in June. Should the data remain in positive territory, it would serve as a favorable factor for the euro.</p>

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