New York ISM business activity contracts for first time in 19 months

New York City business activity contracted for the first time in 19 months, according to the survey taken by the Institute for Supply Management-New York.
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AUD/USD recovers from six-year lows

The AUD/USD pair recovered from six-year low of 0.7624 as the recovery in Crude prices eased concerns of falling inflation expectations in the advanced world.
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