Money markets now price in less than 40% chance of a 10 bps ECB rate cut on Thursday

Reuters cites ECBWATCH that money markets are now pricing in less than 40% chance of a 10 bps European Central Bank (ECB) rate cut on Thursday versus nearly 60% seen last Friday.

EUR/USD remains heavy, near seven-week lows of 1.1180, as King dollar continues to rule amid less aggressive Fed rate cut expectations.