Brazil S&P Global Manufacturing PMI down to 52.3 in November from previous 52.9

Dec 2, 2024

US Dollar rallies on Trump tariff threats against BRICS, French political turmoil

The US Dollar (USD) gains on Monday, paring back Friday’s losses, driven by Donald Trump’s promise to impose tariffs on BRICS countries if they stop using the USD and amid increasing French political turmoil, which is weighing on the Euro (EUR).

EUR/USD falls on French political risk and Trump’s defence of the Dollar

EUR/USD is trading over half a percent lower on Monday, with a single Euro (EUR) buying about 1.0500 US Dollars (USD) as New York awakes to the sound of alarm clocks and scent of coffee.