The US dollar fell in European trade on Thursday against a basket of major rivals away from three-month highs, on track for the first loss in four days amid active profit-taking as US 10-year treasury yields stall.

Now investors await a batch of important US data later today that will shed light on the health of the US economy in the fourth quarter of the year.

The Index

The dollar index fell 0.3% today to 104.13, with a session-high at 104.45.

The index rose 0.35% on Wednesday, marking the third profit in a row, and hitting three-month highs at 104.57.

US Yields

US 10-year treasury yields fell 1.5% on Thursday away from three-month highs at 4.260%, and about to mark the first loss in four sessions, in turn pressuring the greenback.

The developments in the US bonds market come as investors await more clues on the Federal Reserves future policy moves and interest rate decisions.

US Rates

According to the Fedwatch tool, the odds of a 0.25% Fed interest rate cut in November stood at 93%, while the odds of no change in policies stood at 7%.

Now investors await important US manufacturing, services, and unemployment claims data for October.

US unemployment claims are expected up slightly to 243 thousand in the week ending October 19, from 241K in the previous reading.

The US manufacturing PMI is expected up to 47.5 in October from 47.3, while the services PMI is expected down to 55.0 from 55.2 in the previous reading.