Pressured by the disappointing macroeconomic data releases and the dovish tone seen in the FOMC Minutes, the US Dollar suffered heavy losses against its rivals with the US Dollar Index (DXY losing nearly 1% on Wednesday. The DXY stays on the back foot early Thursday and continues to edge lower despite thin holiday trading. Bond and stock markets in the US will be closed in observance of the Thanksgiving Day holiday. The European economic docket will feature IFO sentiment surveys and the European Central Bank will publish the Monetary Policy Meeting Accounts.