US November's ISM PMI report
November's ISM PMI report indicated that US services industry activity increased in November, showing that the world's largest economy remains resilient despite growing macro headwinds. Upbeat ISM data followed a stronger-than-expected payroll report, which has thrown some cold water into expectations for a less aggressive tightening even markets still waiting an over 75% chance that FED will hike rates by 50 basis points in December. Furthermore, the factory orders rose more than expected by %1 MoM in October. After the data, the Dollar Index is hovering around 104.95 level. In addition, US Treasury yields are retracing to the levels for 10-year %3.60 and for 2-year %4.35.