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The EUR/USD pair has achieved a state of balance.

As of Tuesday, the primary currency pair is displaying a neutral stance, with the current EUR/USD rate resting at 1.0965.

Following a notably volatile first week of January, the market has finally settled at an equilibrium point. Investors, in response to robust employment statistics for December, have recalibrated their expectations regarding future actions by the US Federal Reserve. This adjustment has tempered the initial optimism for six interest rate reductions, with a potential delay to actions now anticipated in April, May, or even June.

The trajectory will be significantly influenced by the forthcoming statistics later this week, especially the December inflation report. Projections indicate a 0.1% month-on-month growth in the Consumer Price Index (CPI), mirroring the increase seen in November, while core prices are expected to remain unchanged.

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The post EUR/USD Finds Stability: Overview for January 09, 2024 appeared first at R Blog - RoboForex.

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By: Anna Rostova
Title: EUR/USD Finds Stability: Overview for January 09, 2024
Sourced From: blog.roboforex.com/blog/2024/01/09/eur-usd-finds-stability-overview-for-january-09-2024/
Published Date: Tue, 09 Jan 2024 08:30:48 +0000

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