USD slips below 100.00 mark to fresh monthly low

The greenback remained under some selling pressure and extended previous session's slump led by the US President Donald Trump's comments.

In an interview on Wednesday, Trump told the Wall Street Journal that he thinks the US currency was getting "too strong" and might ultimately hurt the economy. Trump's comments triggered a broad based US Dollar sell-off, dragging the key US Dollar Index, which measures greenback's performance against six major currencies, to fresh monthly lows. 

   •  U.S. President Trump: USD is getting too strong - WSJ

Adding to this, Trump stated that he likes low-interest rate policy, while led to stumbling US treasury bond yields, with the 10-yr yields falling below the key 2.30% psychological level to hit fresh five-month lows and further collaborating to the buck's sharp slide.

   •  U.S. President Trump likes "low-interest" rate policy - WSJ

Meanwhile, market seems to have largely ignored comments from the US Secretary of State Rex Tillerson and Russian Foreign Minister Sergei Lavrov, calling for an easing of tensions between the two geopolitical rivals. Investors, however, remained skeptic that the meeting would do little to find a political solution to the civil war in Syria.

Today’s US economic docket features the release of the usual weekly jobless claims data along with the latest PPI print for March and Prelim UoM Consumer Sentiment, which would be looked upon for some immediate respite for the US Dollar bulls.