Volatility Subsides in the EUR/USD Pair – Summary for September 8, 2023

<div><img width="360" height="360" src="https://blog.roboforex.com/wp-content/uploads/2023/06/EURUSD_14-360×360.jpg" class="attachment-thumbnail size-thumbnail wp-post-image" alt="EUR/USD analysis today" decoding="async" style="margin-bottom: 15px;" loading="lazy" /></div><p><a href="https://roboforex.com/beginners/info/charts/forex/eurusd/" data-internallinksmanager029f6b8e52c="35" title="EUR/USD">EUR/USD</a> Remains Stable on Friday.</p>

<p>The major <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>, EUR/USD, showed signs of stability on Friday, with the current exchange rate at 1.0710.</p>

<p>It was a challenging week marked by investor risk aversion, primarily due to uncertainties surrounding the Chinese and Eurozone economies. In such an atmosphere, the USD demonstrated resilience.</p>

<p>Revised data revealed that Eurozone <a href="https://blog.roboforex.com/blog/2019/10/29/trading-news-how-to-make-money-on-gdp/" data-internallinksmanager029f6b8e52c="93" title="GDP">GDP</a> in Q2 grew less than anticipated, registering a 0.5% year-on-year increase, below the initial estimate of 0.6%. On a quarterly basis, the Eurozone's economic expansion was a modest 0.1%, falling short of the projected 0.3% growth. Clearly, the European economic landscape faces significant challenges. Given these conditions, it's highly unlikely that the ECB will opt for further <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> hikes.</p>

<p>The weekly report on initial jobless claims in the US indicated a decline in the figure, dropping from 228,000 to 216,000. The forecast had suggested an increase to 235,000.</p>

<p>Today, there are no significant data releases from the US. Germany, on the other hand, will publish <a href="https://blog.roboforex.com/blog/2022/06/30/what-is-inflation-reasons-and-consequences/" data-internallinksmanager029f6b8e52c="220" title="Inflation">inflation</a> data for August, where the <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> may have eased to 6.1% year-on-year from the previous 6.2%.</p>

<p>
<a href="https://my.roboforex.com/en/register/">Open Trading Account</a></p><p>The post <a rel="nofollow" href="https://blog.roboforex.com/blog/2023/09/08/volatility-subsides-in-the-eur-usd-pair-summary-for-september-8-2023/">Volatility Subsides in the EUR/USD Pair – Summary for September 8, 2023</a> appeared first at <a rel="nofollow" href="https://blog.roboforex.com">R Blog – RoboForex</a>.</p>