TD Securities predicts that the European Central Bank will cut interest rates by 25 basis points.

TD Securities expects the European Central Bank (ECB) to cut interest rates by 25 basis points at next week's meeting. According to reports from Jinshi, the market widely anticipates that the ECB will announce a rate cut in its decision on Thursday. TD Securities' forex analysts pointed out that since current data is largely in line with or weaker than the ECB's forecasts from December, this meeting should directly result in a 25 basis point cut. Short-term market dynamics show tight positions and valuations, which are considered a good entry point for re-engaging in long positions on the dollar.