Analysts at TD are, pretty much like the market, shrugging off the European Central Bank on Thursday:Forexlive Americas FX news wrap: ECB cuts rates, US retail sales beat estimatesTD says there was no surprise from the ECB and that it took US data move the euro.TD add, though, they cannot be optimistic on the EUR, citing fragmentation risks, lack of Eurozone economic growth. -Certainly growth is problematic:The ECB is behind the curve and oblivious to itMore on the ECB here:Deutsche Bank expect faster rate cuts from the European Central Bank to come This article was written by Eamonn Sheridan at www.forexlive.com.
TD analysts are not surprised by the European Central Bank’s recent actions, similar to the market’s reaction.
TD notes that the ECB’s decisions were expected and that US economic data influenced the euro.
However, TD remains pessimistic about the euro due to risks of fragmentation and weak growth in the Eurozone.
Growth concerns are evident:
For more insights on the ECB:
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