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The EUR/USD pair is experiencing moderate growth.

On Thursday, the main currency pair is showing signs of potential growth. The current exchange rate for EUR/USD is at 1.0710.

While there is not much significant data from the US in this week's macroeconomic calendar, the eurozone continues to release statistics. In September, retail sales in the region saw a decrease of 0.3% m/m after a previous drop of 0.7%. This can be attributed to the relatively high prices in the eurozone, despite the European Central Bank's efforts to combat inflation.

Investors are closely monitoring the situation in Germany as it has lost its position as the eurozone's economic powerhouse. The decline in several sectors due to unresolved issues has led to discussions about potential tax increases, which has become a key topic for the market.

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The post Confidence in the EUR Remains Steady: Overview for November 09, 2023 appeared first at R Blog - RoboForex.

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By: Anna Rostova
Title: Confidence in the EUR Remains Steady: Overview for November 09, 2023
Sourced From: blog.roboforex.com/blog/2023/11/09/confidence-in-the-eur-remains-steady-overview-for-november-09-2023/
Published Date: Thu, 09 Nov 2023 09:51:36 +0000

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