- The dollar index hovered around 99.8 as markets weigh expectations for the Federal Reserve’s December moves.
- Odds of a 25 bps rate cut now exceed 80%, driven by soft US economic data and dovish Fed commentary.
- Reports suggest Kevin Hassett as the frontrunner for next Fed chair, viewed as favoring lower rates.
- The dollar strengthened vs. the yen but slipped against the Swiss franc and Australian dollar.