Asia FX: Indian rupee hits record low past 90/dollar; Aussie gains on strong GDP

The Mexican government has announced a 13% increase in the minimum wage, a significant move aimed at improving the living standards of workers across the country. This decision reflects ongoing efforts to address economic disparities and enhance purchasing power amid rising inflation.

US services showed little change in November, although there was a noticeable slowdown in new orders, indicating potential challenges ahead for the sector. This stagnation reflects broader economic uncertainties that may affect growth prospects.

Donegal Mutual has acquired $602,000 worth of stock in Donegal Group, a move that reflects its investment strategy and confidence in the company's future performance. This transaction was reported by Investing.com and highlights Donegal Mutual's active role in the financial markets.

Brazil is expected to see a rise in chicken exports in 2025, despite ongoing trade bans due to bird flu outbreaks. This forecast highlights the resilience of Brazil's poultry sector amid health-related challenges that have affected global trade dynamics.

The ISM Non-Manufacturing PMI has shown a slight rise, surpassing analysts' expectations, indicating a positive shift in the non-manufacturing sector's performance. This uptick suggests resilience in the services industry amidst broader economic uncertainties.

Oil prices have risen following the failure of peace talks in Moscow aimed at resolving the ongoing conflict between Russia and Ukraine. The lack of a breakthrough in negotiations has heightened market volatility and uncertainty, leading to fluctuations in oil prices. Traders are closely monitoring the situation as geopolitical tensions continue to influence market dynamics.

Donegal Group's Vice President, Altshuler, has sold $243,000 worth of shares in the company, a transaction reported by Investing.com. This sale reflects Altshuler's financial decisions regarding his stake in Donegal Group, which operates in the insurance sector.

ECB Chief Economist Philip Lane has indicated that there are potential 'upside surprises' to inflation in the euro zone, suggesting that inflation rates may not stabilize as previously anticipated. This comes as eurozone inflation unexpectedly rose to 2.2% in November, surpassing earlier estimates and indicating persistent price pressures.