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The country's manufacturing sector is continuing to battle tough economic conditions, recording its ninth consecutive month of contraction.

New Zealand's manufacturing sector experienced a slight improvement in November, as indicated by the BusinessNZ Performance of Manufacturing Index. The index rose from 42.9 to 46.7, marking its highest level since June. However, it's important to note that the PMI remained in contraction territory (below 50) for the ninth consecutive month.

Dollar is having a notable rebound in early US trading session, buoyed by comments from New York Fed President John Williams. Speaking on CNBC's "Squawk Box," Williams stated, "we aren't really talking about rate cuts right now," adding that it is "premature" to consider rate cuts as early as March. This assertion by a key Fed official appears to have provided a boost to the Dollar, which had been under pressure in recent times.

Euro is emerging as the strongest currency for the week, bolstered by ECB's resistance to the expectations of a rate cut. The common currency will now look into today's Eurozone data. Positive surprises from there could solidify ECB's stance, and give Euro more fuel to extend recent rise. For now, Japanese Yen followed as the second strongest, supported by declining global treasury yields and in anticipation of the upcoming BoJ meeting. Australian Dollar ranked as the third strongest, driven by robust job data and an improving trade relationship with China.