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[QUOTE="SOLIDECN, post: 228115, member: 80239"]
[HEADING=1]Euro Stabilizes Amid Eurozone Inflation and Strong US Job Market[/HEADING]

[img]https://i.ibb.co/3mpCBvb/EURUSD-2024-01-08-13-17-39-3bf05.png[/img]

[JUSTIFY]Solid ECN - The euro maintained a steady value near $1.09. This happened as market players absorbed new information. The Eurozone showed an increase in its inflation rate. At the same time, the US job market was doing well. These developments reduced the need for the European Central Bank and the US Federal Reserve to lower interest rates.

In December, the Euro Area saw its inflation rate go up to 2.9%. This was just below the expected 3%. The main reason for this increase was the cost of energy. The core inflation rate, which excludes energy, also slowed down. It reached 3.4%, the lowest since March 2022.

In the US, the job scene was positive. There were 216,000 new jobs added last month. This was more than the expected 170,000. The unemployment rate stayed the same at 3.7%. However, there was a slight dip in the activity rate. It fell to 62.5%, the lowest since February.[/JUSTIFY]
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