A busy week ahead
• Firmer USD. The USD has continued to claw back ground. The AUD has remained on the backfoot and is now ~2.4% below its mid-July high.• Busy week. Locally, Q2 CPI (Weds) & retail sales (Fri) are due. Offshore, the US Fed (Thurs), ECB (Thurs) & BoJ (Fri) meet.• More AUD pressure? On net, we think the upcoming events/data could give the USD some more support, with AUD headwinds still in place. Markets had a quiet end to last week. But things could heat up this week with a string of major data points and central bank meetings on the...