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A new month begins with a rise in the antipodean currencies, boosted by Australia’s GDP and ignoring Chinese PMIs. The yen is on the move in a “sell the rumor” reaction. We now face more manufacturing PMIs. The UK PMI could temporarily divert attention from the growing chances of a Brexit and the US ISM Manufacturing PMI which serves as the first hint towards Friday’s all important Non-Farm Payrolls.

Wrap up of the morning show for June 1st 2016: