EU Warns of Response as U.S. Considers 25% Tariffs on Car Imports 
Fed’s Goolsbee Warns Inflation Remains Elevated, Signals Caution on Rate Cuts 
Oil Prices Fall as Iran Proposes New Deal Amid Ongoing U.S. Tensions 
Markets Stay Strong Despite Oil Shock Concerns as Earnings Drive Investor Confidence 
Asian Stock Markets Rise Amid Wall Street Rally and U.S.-Iran Tensions 
Middle East Conflict Impacts Australia and New Zealand Businesses 
Bank of Korea Signals Potential Interest Rate Hikes as Inflation Remains Elevated 
Gold Prices Slip Amid Iran Tensions and Rising Rate Concerns 
Tokyo Inflation Slows Despite Energy Pressures and BOJ Policy Outlook 
Wall Street Mixed as Apple Earnings Boost Nasdaq and Oil Prices Ease 
Oil Prices Hold Above $100 Amid Strait of Hormuz Tensions and U.S.-Iran Uncertainty 
Dollar Holds Firm as Asian Currencies Stabilize Amid Middle East Tensions and Rate Uncertainty 
US Stock Futures Rise as S&P 500 and Nasdaq Hit Record Highs Amid Earnings Optimism and Iran Tensions 
RBA Rate Hike Outlook: Impact on AUD/USD and ASX 200 
Gold Prices Hold Steady as Iran War and Interest Rate Outlook Weigh on Markets 
US Moves to Secure Gulf Shipping Amid Rising Tensions with Iran 
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.
