TD on the ECB rumour - positive for the EUR

Reports earlier on the European Central Bank, ICYMI:

• ECB said to cut outlook by enough to warrant new loans (TLTROs)

On this, comments via TD (bolding mine):

• ECB want to offer a band-aid to banks
• trying to improve credit worthiness and liquidity flow
• getting more liquidity to banks in the southern part of Europe to improve the growth outlook
• They are not expanding the balance sheet
• would be positive for the euro
• and bullish EUR/CHF