Bank of America analyst: if the European Central Bank remains cautious, the euro may pump slightly

FXStreet, Jan 28th, The Bank of America analysts said in a report that if the European Central Bank is cautious about cutting interest rates at Thursday's meeting, the euro may pump slightly. "The market has already priced in two rate cuts for the two upcoming meetings, and the European Central Bank is unlikely to commit to further cuts on this basis." They said that given the short positions on the euro, this potential cautious attitude may provide some mild support for the euro. However, the Bank of America remains cautious about the euro in the near term, as the risk of US trade tariffs may increase the possibility of further rate cuts by the European Central Bank.