Softer US data pressures the USD
• Positive vibes. A weaker US jobs report & ISM services data exerted more pressure on US yields & the USD. The AUD’s revival continued.• RBA meeting. Australian interest rate pricing has adjusted higher. But has it gone too far? The RBA may not match ‘hawkish’ market expectations.• Event radar. Locally the RBA (Tues) is the main event. Offshore, the Bank of England meets. In the US several Fed members are due to speak. The positive market mood stemming from the less ‘hawkish’ than feared US Fed meeting continued on Friday. Softer US jobs and services ISM data supported the...