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 downplaying the European Central Bank’s (ECB) recent actions:
They note that the ECB’s decisions were expected and that U.S. data affected the euro’s value.
However, they remain pessimistic about the euro due to risks of fragmentation and weak economic growth in the Eurozone.
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Economic growth is a significant concern:
For more on the ECB:
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