Preliminary manufacturing data from Markit:
- Highest since May 2010
- Prior reading was 53.00
- New orders 58.8 vs 53.9 prior
- New orders highest since May 2010
Very strong numbers. It’s been awhile since US data has beaten expectations but here is some early evidence that it has truly been bad weather behind some other soft numbers. USD/JPY is rallying, as it should be.
