TD Securities: ECB expected to cut interest rates by 25 basis points next week

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ODAILY
01-25
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Odaily reports that the European Central Bank will announce its interest rate decision on Thursday, and the market expects the bank to cut rates. TD Securities FX strategist said that since the data is broadly in line with or weaker than the ECB's December forecast, the meeting should directly cut rates by 25 basis points. The short-term market dynamics reflect the tightness of positions and valuations, and we believe this will provide a good entry point for re-engaging in new long USD positions. (Jinshi)

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