With the ECB’s much-anticipated 3 December meeting is finally upon us, Credit Suisse European economists expect a 10bp cut to the deposit rate and a sixmonth extension of the bank’s QE program – but see risks around their call squarely towards an even more dovish outcome. "Indeed, the wave of dovish ECB-speak has allowed market expectations to run wild in recent weeks, suggesting our base case call would likely disappoint the market," CS adds. So why does CS maintain its bearish EURUSD view heading into tomorrow’s ECB meeting? CS outlines a number of factors that suggest EUR/USD downside will continue towards ... (full story)