The Growing Prospect of a December Rate Cut Sinks the Dollar Against Peers.The US dollar slipped to its steepest weekly drop in four months to close out November as the prospect of December Federal Reserve rate cuts edged closer towards inevitability in the minds of investors.
Natural Gas, WTI Oil, Brent Oil Forecasts – Oil Gains Ground As Ukrainian Drones Hit Two Tankers Heading To Russia.The attack on Russia's Novorossiysk oil export hub provided additional support to oil markets.
U.S. Dollar Pulls Back As ISM Manufacturing PMI Drops To 48.2: Analysis For EUR/USD, GBP/USD, USD/CAD, USD/JPY.The American currency is losing ground as traders focus on the disappointing ISM report.