The US Dollar falls further after ECB's hawkish rate cut. Markets also see weekly Jobless Claims tick up The US Dollar Index barely above 104.00 after paring gainson Wednesday. The US Dollar edges lower on Thursday as markets see the the European Central Bank issuing a policy rate cut by 25 basis points, though making it a hawkish one by not committing to any next moves.
US Dollar Index Technical Analysis: Fed rate cut for September odds grow by the day The US Dollar Index is set to move, and the bias is to the downside. The main driver will come from comments from the ECB as – although a rate cut is priced in – this does not mean that substantial US Dollar strength might emerge.
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