The dollar index (DXY00) on Thursday traded slightly lower most of the day. The dollar was undercut by Thursday’s -2.2 bp decline in the 10-year T-note yield, which undercut the dollar’s interest rate differentials. The dollar was also undercut as the markets this week slightly boosted the odds for a rate cut at next week’s FOMC meeting to 7% from 3% on Monday, while the markets are now expecting a 100% chance of a rate cut at the following meeting on September 17-18, up from 97% on Monday. The main bullish factor for the dollar was Thursday’s US economic reports, which were mostly stronger th…