Wall Street recovered from early losses and ended the day largely flat, driven by better-than-expected US ISM manufacturing index. However, US dollar retreated, especially against antipodean currencies. AUDUSD and NZDUSD rose +0.86% and +0.4% respectively on encouraging macroeconomic data. Australian GDD expanded +1.1% q/q, The fastest pace since March 2012, in 1Q16.
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Sentiment Lifted by Strong ISM Manufacturing Index
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