• The US Dollar bounces back into September’s range and holds near yearly lows on Thursday. 
• Besides a big slew of data, a bunch of Fed speakers are set to rock the US Dollar. 
• The US Dollar Index bounces off a 15-month low and is set to enter a rough patch with high volatility at hand. 

The US Dollar (USD) holds steady near yearly lows ahead of a very volatile day expected on Thursday. Besides a bulk data release, no less than eight  US Federal Reserve (Fed) policymakers are set to speak, including Fed Chairman Jerome Powell. Comments will be watched more than ever by market participants after Bloomberg reported on Wednesday that a bond trader took out 118,000 future contracts betting on a big interest rate cut in the Fed’s next meeting in November, the largest size traded on record ever. 

On the economic data front, a bulk release will unfold at 12:30 GMT. Besides the weekly Jobless Claims, the August Durable Goods Orders and the third reading of the US Gross Domestic Product (GDP) for the second quarter will be released at the same time, and volatility is bound to pick up once the data comes out.