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The EUR/USD pair has attained a recent high, showcasing strength.

On Friday, the primary currency pair appears robust, with the current EUR/USD rate standing at 1.1000.

Although yesterday's released statistics weren't overly favorable for the US, they still maintained a reasonably solid position. The second evaluation of the US GDP for Q3 fell short of expectations, with the economy expanding by just 4.9% year-on-year compared to the initial annual calculation of a 5.2% rise. In Q2, the economy saw a 2.1% year-on-year increase.

As per the current forecast by the US Federal Reserve, the real US GDP is projected to increase by 2.6% in 2023.

Today marks a significant release of macroeconomic statistics, including data on Americans' income and spending, durable goods orders volume, sales of newly built homes, and the core price index, all for November. Additionally, there will be a report on the consumer confidence index from the University of Michigan for December.

These data will wrap up the December statistics. Following this, capital markets will transition into the Christmas celebration period, likely resulting in minimal stock market activity.

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The post Renewed Confidence in the EUR: Overview for December 22, 2023 appeared first at R Blog - RoboForex.

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By: Anna Rostova
Title: Renewed Confidence in the EUR: Overview for December 22, 2023
Sourced From: blog.roboforex.com/blog/2023/12/22/renewed-confidence-in-the-eur-overview-for-december-22-2023/
Published Date: Fri, 22 Dec 2023 08:13:04 +0000

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