The US dollar continues to struggle amid expectations of an interest rate cut by the Federal Reserve next month. Such prospects seem even more real to the markets after the head of the FRB of New York John Williams said that a reduction is possible. In addition, US President Donald Trump's pressure on the Fed also remains. The dollar retreated against the euro even amid political instability in France. Key among the upcoming publications before the Fed meeting in September are the PCE price index on Friday (the regulator's preferred measure of inflation) and the monthly employment report a week later. Traders now estimate the probability of a quarter-point rate cut next month at around 89%. The area of 1.1580-1.1600, which we have already written about, remained strong as a support zone for EUR/USD, and quotes rose again on Wednesday.