Weak ISM Data Damped Rate Hike Hopes, Crude Oil Not Helped by USD Decline

Disappointing US ISM non-manufacturing index sent US dollar and Treasury yields lower. Yet, Wall Street gained on reduced hopes of Fed funds rate hike. Antipodean currencies outperformed with Aussie and Kiwi soaring +1.4% and +1.5% respectively. US Treasury yields fell to lowest levels in more than 2 weeks with 2-year and 10-year yields sliding to 0.734% and 1.543% respectively.

from Oil N' Gold Focus http://www.oilngold.com/ong-focus/insights/weak-ism-data-damped-rate-hike-hopes-crude-oil-not-helped-by-usd-decline-though-2016090733530/