The dollar index (DXY00) on Tuesday rose slightly by +0.08%, 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 34%, down from 50% after the release of last Friday’s US payroll report. The dollar was undercut by reduced liquidity demand with the strength in stocks. The markets are discounting the chances at 100% for a -25 bp rate cut at the Sep 17-18 FOMC meeting and at 34% for a -50 bp rate cut at that meeting. EUR/USD ([^EURUSD](https://www.barchart.com/forex/quotes/%5EEURUSD/ove…