TD Securities: US CPI will dominate the euro/dollar trend

Golden Finance reported that TD Securities strategists said in the report that U.S. CPI inflation data is more likely to trigger the euro-dollar EUR/USD response than the European Central Bank interest rate decision. Strategists said the ECB is expected to keep deposit interest rates unchanged at 2.0%, in line with general market expectations. The central bank may say that uncertainty has declined after the U.S.-EU trade deal, but will still emphasize the way future decisions will meet successively and rely on data. "The U.S. CPI will be the bigger driver of the foreign exchange market. We are cautious about the strengthening of the dollar due to stronger reporting and signs of inflation transmission." (Jin Shi)