US Dollar Hits 18-Month High as Inflation Fuels Fed Rate Hike Bets 
US Inflation Surges in September, Raising Fed Rate Hike Bets 
Wall Street Ends Mixed as Investors Await CPI and Bank Earnings 
S&P 500 Futures Rise Ahead of US Inflation Data and Bank Earnings 
Oil Prices Fall as Russia Signals Higher Diesel Exports 
IMF Warns US Debt Crisis Needs Fiscal Action, Urges China to Boost Consumption 
Fed’s Williams Sees One More Rate Hike in 2026, None in 2027 
Gold Prices Mixed Ahead of US Inflation Data and Fed Rate Outlook 
China Resumes US Soybean Purchases After Trump-Xi Summit 
Container Ship Sinks in Strait of Hormuz as Iran Attacks Escalate 
Oil Prices Surge Above $106 After Deadly Saudi Airport Attack 
Nasdaq Falls as Oil Prices Surge Ahead of Bank Earnings 
US Dollar Index Falls as Fed Signals Caution, Indian Rupee Surges 
Gold Prices Rebound as Dollar Weakens Ahead of US Inflation Data 
Philippines Current Account Deficit Seen at $19.1 Billion in 2026 
Trump Defends Russian Diesel Deal Amid US Sanctions Backlash 
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US dollar gained momentum after better than expected US ISM manufacturing PMI . It hits a high of 106.73 and is currently trading around 106.52.
Manufacturing Insights: Signs of Improvement Amid Contraction
The US ISM Manufacturing PMI for November 2024 rose to 48.4, up from 46.5 in October, showing slight improvement but still indicating contraction for the eighth month. The New Orders Index increased to 50.4, suggesting weak growth, while the Employment Index improved to 48.1. Price pressures eased, with the Prices Paid Index dropping to 50.3. Overall, the US Dollar strengthened following these mixed but hopeful manufacturing reports.
Political Crisis in France: Euro Faces Headwinds
Euro lost its shine amid France's political crisis. It is facing a serious political crisis with Prime Minister Michel Barnier's minority government at risk of collapsing due to a no-confidence vote.
His proposed €60 billion budget to reduce the deficit is encountering strong opposition from both right and left-wing parties. To bypass this, Barnier used a controversial method to pass a social security budget, prompting more opposition challenges. The political turmoil has raised concerns about France's financial stability, affecting its bond yields and raising questions about future governance.
