Tudor Securities: ECB Expected to Cut Interest Rates by 25 Basis Points Next Week

BlockBeats News, January 25th, the European Central Bank will announce its interest rate decision on Thursday, and the market expects the bank to cut rates. A forex analyst at TD Securities stated that since the data is broadly in line with or weaker than the ECB's forecasts from December, this meeting should see a direct 25 basis point rate cut. Short-term market dynamics reflect tension in positioning and valuations, and we believe this will provide a good entry point for new long USD positions. (FXStreet)