Dollar Decline Amid Fed Speeches and Global Economic Developments

The safe-haven dollar slipped as traders anticipated speeches from Federal Reserve officials and economic data for interest rate forecasts. Swiss franc and Chinese stocks boosted by local financial decisions. The forex market remains dominated by U.S. economic indicators and Federal Reserve's monetary policy path.

The safe-haven dollar saw a decline on Thursday owing to increased risk appetite, as traders awaited key Federal Reserve officials' speeches and economic data for interest rate forecasts.

Conversely, the Swiss franc rose after the Swiss National Bank's 25 basis point rate cut. Markets had expected a larger cut following the Federal Reserve's recent move.

European and Asian stocks continued their rally, driven by China's stimulus package. The dollar index slightly dropped to 100.73 after a sharp overnight rebound from a 14-month low, while the Swiss franc and euro saw gains against the dollar.

(With inputs from agencies.)