U.S. Dollar futures dropped another 50 points during Thursday’s trade. This is the fifth consecutive session where the index has finished lower, which can be attributed to US yields making record lows this week and heightened hopes for more monetary easing from the Fed. The euro has begun a recovery move as the dollar sold off. After bouncing from the 1.08 level last week, euro futures are meeting resistance near the 1.10 level Thursday afternoon. The British pound remains rangebound. The pound trade has discounted positive economic data out of the UK, as the coronavirus situation clouds market headlines. Canadian dollars are weakening as this currency is typically a proxy for the energy markets. The Japanese yen is reversing last week’s beating as investors seek its safe-haven qualities. So, what comes next? The answer is most likely more QE. Odds of March rate cut at the FOMC meeting are now at 63%.