US Dollar bears are puffing their chests this week after pushing the Greenback roughly 1% lower to kickoff the final month of the year. The most recent string of downside in USD price action and the broader DXY US Dollar Index can be explained primarily by counterpart strength and the market’s reaction to a disappointing ISM Manufacturing PMI report. Yet, a similar response was not given to a worse-than-expected ISM Services PMI datapoint released early this morning as a critical technical level provided the US Dollar with a bit of buoyancy. After edging lower for the last 4 trading sessions, the US Dollar Index is ... (full story)