The US Dollar Index dipped after reaching a new two-year high due to geopolitical instability and profit-taking.
The DXY found support from strong S&P PMI data indicating the US economy's resilience.
Positive economic news from China, such as a rate cut and stimulus package, contributed to the DXY's pullback.
On the data front, the US S&P Global Composite PMI rose by 1.2 points to 55.3 in November's flash estimate.
The S&P Global Manufacturing PMI improved marginally from 48.5 in October to 48.8 but remains in contraction.
The S&P Global Services PMI rose notably from 55 to 57, indicating continued expansion.
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