why tonight's ISM data is good, but the USD is down?

why tonight's ISM data is good, but the USD is down?
anyone knows? please tell me!!!! help!

 

Without addressing whether ISM today should be interpreted as good or bad, $ down from risk off today. IOW unwinds of leveraged directional crowded trades.

 

it is because of the heavy sell off on EU bond and stock market?

 

Probably because it decreases the likelihood of a Fed rate hike in the near future?

 

possibly, but mostly because of the heavy sell off on EU bond market, CNBC said

 

I wonder iss the ISM the only factor that affects USD? And why you assume they are absolutely correlated? It depends on many factors and the DYNAMICS of change in data, not just positiveness or negativeness.