TD Securities: US CPI to dominate EUR/USD trend
2025-09-11 07:12:19
TD Securities strategists said in a note that the US CPI inflation data is more likely to trigger a reaction in EUR/USD rather than an ECB interest rate decision. The ECB is expected to keep its deposit rate unchanged at 2.0 per cent, in line with market consensus expectations, strategists said. The central bank is likely to say there is less uncertainty following the US-EU trade deal, but will still emphasise the meeting-by-meeting, data-dependent approach to future decisions. "The US CPI will be a bigger driver of FX markets," TD Securities strategists said. "We are cautious about the dollar strengthening on stronger reports and signs of inflation transmission." (Jin Ten)
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