Daily digest market movers US Dollar gains nearly 1% at the start of the week

News of Donald Trump planning to impose tariffs on countries who intend to join the BRICS currency has strengthened the US Dollar.

On the data front, the ISM Manufacturing Purchasing Managers Index (PMI) increased to 48.4 in November, signifying a milder rate of contraction in the US manufacturing sector compared to October's value of 46.5.

The Employment Index within the PMI survey rose to 48.1 in November from 44.4 in October, indicating an improvement in job creation within the manufacturing sector.