December is already upon us with only 30 days left for those year-end predictions to be proved right or wrong. For the US Dollar, the story of 2017 has been basically 8 months of steady declines, a two-month rally and a month of renewed softness. At the beginning of November, the Dollar’s index against a basket of major currencies stood around 94.3 and though the subsequent drop was not dramatic, it did lose around 1.6 points to finish at 92.7. The overnight sessions in both Asia and Europe haven’t shifted the dials much, if at all, and the Dollar index opens around 92.73, having traded at a high of 92.78 and a low of 92.57. The first Friday is of the month is usually – but not always – US payrolls day. Today is one of the exceptions due to the Thanksgiving Day holiday and the closure of Federal Government departments. The labour market report will have to wait another week. Instead, we’ll get to see the two reports on the state of US manufacturing industry. The first of these, released by Markit at 9.50am, still hasn’t gotten much traction with investors despite the fact that this organisation produces nearly all the PMI indices elsewhere in the world. Ten minutes later we’ll get the more widely-followed ISM manufacturing report. After October’s 58.7, consensus looks for a slight pullback to 58.4 for the headline, though analysts will also be looking at the detailed sub-indices on new orders, prices, production and employment. The six-month averages for the production and new orders sub-components are above 60, and the employment sub-component has averaged a pretty decent 57.7. With less than a week of Fed-speak before the pre-FOMC radio silence, we’ll hear from Bullard, Kaplan and Harker during the course of the day.