• The Australian Dollar remains solid as the PMI indicates a mixed economic picture.
• Judo Bank Australian manufacturing activity improved in November but remained in contraction, while services activity slipped into negative territory.
• The US Dollar Index reached its fresh yearly high of 107.15 after the US Initial Jobless Claims released on Thursday.

The Australian Dollar (AUD) continues to strengthen against the US Dollar (USD) following the release of mixed Judo Bank Purchasing Managers' Index (PMI) data from Australia on Friday. The AUD also benefits from a hawkish outlook by the Reserve Bank of Australia (RBA) regarding future interest rate decisions. 

The Judo Bank Australia Manufacturing PMI rose to 49.4 in November from 47.3 in October, marking its 10th consecutive month of contraction, though the decline slowed to its weakest pace in six months. Meanwhile, the Services PMI fell to 49.6 from 51.0, signaling the first contraction in services activity in ten months.

The US Dollar Index (DXY), which tracks the USD against a basket of major currencies, trades near 107.00, just below its fresh yearly high of 107.15 recorded on Thursday. The US Dollar strengthened after the release of the previous week's Initial Jobless Claims data.

Futures traders now assign a 57.8% probability to the Federal Reserve cutting rates by a quarter point, a decrease from approximately 72.2% last week, according to data from the CME FedWatch Tool.