Looks like the risk-on crowd is taking the rebound in the ISM as further confirmation that global growth is set to expand this year and commodities and emerging markets should benefit.
AUD/USD and CAD are leading the charge higher as AUD rallies to 91.25. Trendline resistance in AUD comes in at 0.9167 and offers are rumored in that vicinity.
EUR/USD has rebounded from the 1.4405 area back to 1.4440. A break of 1.4455/70 will breathe new life into the rally.
