ECB and BoE easing risks remain finely balanced - TD Securities

RBA, BoC, ECB, and BoE all came into the week with risks skewed to being more dovish than expected and all disappointed, says the TD Securities team.

"Central banks want to see the glass as half full and focus on improvements to come than on the near-term disappointments", they comment. "ECB and BoE easing risks remain finely balanced, but the ECB's language has given the green light to euro and rates higher".