看涨的美元价格信号与悲观的宏观背景相冲突。美元显示出短期走强的迹象，价格信号指向上行，尽管宏观背景表明情况并非如此。周一的ISM制造业采购经理人指数强化了美国数据的疲软基调，显示新订单和就业进一步萎缩。

Bullish USD price signals clash with gloomy macro backdrop.The U.S. dollar is showing signs of near-term strength, with price signals pointing to upside even as the macro backdrop argues otherwise. Monday's ISM manufacturing PMI reinforced the soft tone in U.S. data, showing deeper contraction in new orders and employment.

12月降息的前景越来越大，导致美元兑其他货币贬值。截至11月底，美元跌至四个月来的最大周跌幅，因为投资者认为12月美联储降息的前景越来越接近不可避免。

The Growing Prospect of a December Rate Cut Sinks the Dollar Against Peers.The US dollar slipped to its steepest weekly drop in four months to close out November as the prospect of December Federal Reserve rate cuts edged closer towards inevitability in the minds of investors.

今日外汇：鲍威尔和欧洲货币联盟CPI数据将成为关注焦点。今日外汇：鲍威尔和欧洲货币联盟CPI数据将成为关注焦点

FX Today: Attention will be on Powell and flash EMU CPI data.FX Today: Attention will be on Powell and flash EMU CPI data

DXY：由于降息押注增加/经济数据疲软，美元继续向南移动。周一，美元指数面临更大压力，跌至两周低点，此前在今年上次政策会议上，对美联储降息的押注再次上升，因为市场正在等待美国劳工部门公布关键经济指标，这可能有助于做出这一决定。

DXY: Dollar Continues to Travel South on Growing Rate Cut Bets/Weak Economic Data.The dollar index came under increased pressure on Monday and fell to two-week low, following renewed rise in bets for Fed rate cut in the last policy meeting this year, as markets await releases of key economic indicators from the US labor sector, which could contribute to such decision.