USD sold off as it nears the recent low on the DXY at 101.77. Markets continue to push for lower Treasury yields and rate cuts amid intense Fed speculation. Central bank officials have tried to dampen early policy loosening chatter, but without any real success. There is above a 70% chance of a rate cut in March. EUR gained after underlying price trends moderating in November but remaining elevated. We had pushback versus the current expectations for rate cuts in the region from ECB officials. Resistance above is strong just above 1.10 with the recent top at 1.1017. GBP rallied as investors seemed to jump on board ... (full story)