TD Securities: Expects the European Central Bank to cut interest rates by 25 basis points next week

ChainCatcher news, according to Jinshi reports, the European Central Bank will announce its interest rate decision on Thursday, and the market expects the bank to cut rates.

TD Securities forex analysts stated that since the data is generally in line with or weaker than the European Central Bank's December forecast, this meeting should directly result in a 25 basis point rate cut. Short-term market dynamics reflect tight positioning and valuations, and we believe this will provide a good entry point for re-engaging in new long positions on the dollar.