Here is what you need to know on Monday, December 2: The US Dollar (USD) gathers strength against its major rivals to begin the month of December.
Here is what you need to know on Monday, December 2: The US Dollar gathers strength against its major rivals to begin the month of December. The US economic calendar will feature Construction Spending for October and ISM Manufacturing PMI data for November. During the European trading hours, Sentix Investors Confidence for December and the Unemployment Rate figure for October from the Euro area will be watched closely by market participants.
Qs What are the BRICS? The BRICS is the acronym denoting the grouping of Brazil, Russia, India, China and South Africa. The name was created by Goldman Sachs’ economist Jim O’Neill in 2001, years before the alliance between these countries was formally established, to refer to a group of developing economies that were predicted back then to lead the global economy by 2050.
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