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[TD Securities: U.S. CPI Data May Become a Key Driver for EUR/USD Movement] TD Securities strategists pointed out that the upcoming U.S. CPI inflation data is expected to have a more significant impact on the EUR/USD pair's movement than the European Central Bank's interest rate decision. The market generally anticipates that the European Central Bank will keep the deposit rate unchanged at 2.0% and may emphasize that uncertainty has eased following the trade agreement between the U.S. and Europe. However, future policy will still be assessed on a data-dependent basis. The strategists further stated that U.S. CPI data could become the primary driver in the foreign exchange market and remain cautious about the possibility of the dollar strengthening due to robust economic data and signs of inflation transmission.

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