Commerzbank believes that it is unlikely for the EURUSD pair to have a significant and immediate response to the US Consumer Price Index (CPI) data.

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EURUSD Chart by TradingView

Prior to the highly anticipated ECB rate decision on Thursday, focus today will again be on the US, as the August inflation data is due for publication. Economists at Commerzbank analyze how could EUR/USD react to the US CPI report.

See – US CPI Preview: Forecasts from 10 major banks, strong headline with rising energy prices

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