The dollar index (DXY00) today is up by +0.10%. The dollar today is slightly higher, supported by reduced speculation about a 50 bp rate cut by the Fed. The swap markets are discounting the chances for a 50 bp rate cut at next week’s FOMC meeting at 29%, down from 50% after the release of last Friday’s US payroll report. Strength in stocks today has reduced liquidity demand for the dollar and is limiting the dollar’s gains. The markets are discounting the chances at 100% for a -25 bp rate cut at the Sep 17-18 FOMC meeting and at 29% for a -50 bp rate cut at that meeting. EUR/USD ([^EURUSD](htt…