A snippet from TD overnight note on the European Central Bank and EUR/USD

  • TD expect the ECB to cut 20 basis points from the deposit rate
  • Reboot quantitative easing, $40bn/mth

EUR/USD to stay offered

  • cites the break below 1.10, and
  • "We do not think the move should be faded ahead of the ECB's large-scale easing next week."
A snippet from TD overnight note on the European Central Bank and EUR/USD