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US: Manufacturing data in focus - TDS

Analysts at TD Securities point out that in the US session, the NY Empire manufacturing index is expected to have recovered some of the lost ground in March, rising from 3.7 to 8.0 in April.

Key Quotes

“Despite twin declines in new orders and shipments in March, the ISM-adjusted series appears to have stabilized. Any improvements in these measures could likely preclude another constructive print in the next ISM release.”

NZD/USD surrenders early gains to 1-1/2 week tops

• Fails to capitalize on the early uptick despite the prevalent USD selling bias. • Risk-on mood/US-China trade optimism does little to impress bulli
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USD/JPY stays in tight range below 112 despite renewed trade optimism

After advancing to a daily high of 112.10 during the Asian session, the USD/JPY pair failed to preserve its momentum and retraced its daily gains. As
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