NEW YORK / LONDON (IT BOLTWISE) – The euro has lost slightly in value compared to the US dollar. This is due to the release of new US economic data, which influences the foreign exchange market. Experts expect that this data could influence interest rate expectations in the USA.
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The euro has recently lost value against the US dollar, trading at $1.1602. This development is partly due to the resumption of publication of US economic data after a partial shutdown of US authorities led to a temporary outage. Market participants now expect this data to provide new impetus for the foreign exchange market.
A key factor in the strength of the US dollar is the US Federal Reserve’s current interest rate policy. In recent weeks, expectations of a possible rate cut in December have weakened. But with the release of new economic data, this trend could reverse, which could further strengthen the dollar.
On Monday, the Empire State Index for November will be released, an important early indicator of the economic situation in New York State’s manufacturing sector. This index is closely watched by analysts because it can provide indications of overall economic developments in the United States.
The current situation shows how sensitive the foreign exchange market reacts to economic data. A change in interest rate expectations could have a significant impact on the euro-dollar exchange rate. Commerzbank experts, such as Michael Pfister, emphasize that the correction of interest rate expectations is one of the main reasons for the resilience of the US dollar.
Overall, it remains to be seen how the publication of the US economic data will affect the global financial markets. Market participants will analyze the data closely to adjust their trading strategies accordingly. The coming days could be crucial for the further development of the euro-dollar exchange rate.
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