ING believes that the US CPI data may not be sufficient to cause a continuous decline in the EUR/USD exchange rate below the 1.1040 level.

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EURUSD Chart by TradingView

Economists at ING analyze EUR/USD outlook ahead of the release of the US July CPI.

See – US CPI Preview: Forecasts from 10 major banks, monthly pace should hold at 0.2%

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