Flash: Expect a Dovish ECB - Danske Bank

FXstreet.com (Barcelona) - Danske Bank strategists are expecting a dovish ECB today to signal a rate cut in December.

Key Quotes

“However, this is certainly also expected in the market so risk/reward is actually tilted towards a disappointment from Draghi.”

“Hence, given the recent move lower in EUR/USD since the low inflation a week ago, risk is actually tilted to the upside for EUR/USD today.“