EUR Secures Victory: Overview for December 27, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_23-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" style="margin-bottom: 15px;" decoding="async" /></div><p>The <a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> pair is testing its highest points in four months.</p>

<p>On Wednesday, 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 upward trajectory, with the current EUR/USD exchange rate reaching 1.1041.</p>

<p>The currency market exhibits a subdued tone due to the ongoing festive season, evident in the noticeable absence of participants.</p>

<p>Simultaneously, anticipation is building regarding potential future <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> cuts by the US Federal Reserve. The prevailing low liquidity levels are constraining significant fluctuations in currency rates.</p>

<p>According to insights from the CME FedWatch Tool, investors are placing the likelihood of an interest rate decrease commencing in March 2024 at 79%. Concurrently, the level of optimism is on the rise, projecting a total drop in borrowing costs by 153 basis points throughout the upcoming year.</p>

<p>This week unfolds in a relatively tranquil manner, reflective of the prevailing pre-New Year ambiance.</p>

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