- Buck played safe-haven role, improving by 1.2% in Nov. per the Bloomberg Dollar Spot Index
- Additional tariffs are back in play as no Phase One deal ever materialized with China
- Petro-currencies and other commodity-based tender suffered most losing over 1.0% on avg.
- The Euro did not continue its upward run, declining instead by 1.3% although the European Union is set to add spending budget
- Latin-American currencies such as MXN and BRL, were biggest losers facing regional chaos
- Economic data revealed a slowdown across domestic as well as global markets
- Elections in the U.K. could go one way or the other, but Sterling shall rise regardless as both sides promise to end Brexit dilemma
- The Fed will likely stay away from moving interest rates as it meets on Dec. 11th
- We keep faith in Euro rising along with prospects for recovery and growth
- Tariffs set to be implemented by the U.S. on Chinese goods on Dec. 15th could be delayed
- It is unclear at this point how much time it will take for a trade agreement to come to fruition, but we might have to wait until U.S. elections
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