TaoMing Securities: It is expected that the European Central Bank will cut interest rates by 25 basis points next week

The European Central Bank will announce its interest rate decision on Thursday, and the market expects the bank to cut rates. The foreign exchange analyst at TD Securities stated that since the data is basically consistent with or weaker than the ECB's forecast in December, this meeting should directly cut 25 basis points. Short-term market dynamics reflect tension in positions and valuations, we believe this will provide a good entry point for re-engaging new dollar bulls.