On the US front, Initial Jobless Claims for the week ending November 15 totaled 213,000, below expectations of 220,000.
Concerningly, Continuing Claims surged to 1.908 million, up from 1.872 million the previous week.
The Philadelphia Fed Manufacturing Survey plunged into contractionary territory with a reading of -5.5, down significantly from the positive 8 and 10.3 seen earlier.
The probability of a Fed rate cut in December has decreased by 16.5% since last week, which seems to have pushed the USD into a slight consolidation.
USD bulls also pause as they await clarity on President-elect Donald Trump's policies.
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