The dollar index edged lower to 102.2 on Thursday, pausing after a four-day rally that lifted the greenback from a six-month low. FOMC minutes released Wednesday showed Fed officials are likely to lower interest rates in 2024 but no clues were provided about the timing of the rate cuts. Bets for a March rate cut currently stand above 70%. The jobs report due tomorrow should be the next big catalyst for markets. Recent data continued to paint a mixed scenario, with the ISM Manufacturing PMI outperforming predictions, while job openings fell short.
