The US dollar continued to weaken after hitting a low of nearly eight weeks on the previous trading day, weighed down by expectations of further interest rate cuts. This expectation stems from the latest decision of the Federal Reserve and the less-than-expected weekly data on the number of first-time jobless claims. The Federal Reserve cut interest rates by 25 basis points on Wednesday and left the door open for further interest rate cuts in 2026. The number of first-time jobless claims for the week ending December, announced on Thursday, was higher than expected. The DXY dollar index held steady at 98.362 and hit a low of 98.134 on Thursday.

The US dollar continued to weaken after hitting a low of nearly eight weeks on the previous trading day, weighed down by expectations of further interest rate cuts. This expectation stems from the latest decision of the Federal Reserve and the less-than-expected weekly data on the number of first-time jobless claims. The Federal Reserve cut interest rates by 25 basis points on Wednesday and left the door open for further interest rate cuts in 2026. The number of first-time jobless claims for the week ending December, announced on Thursday, was higher than expected. The DXY dollar index held steady at 98.362 and hit a low of 98.134 on Thursday.