Will the AUD’s upswing continue?
• Mixed markets. US equities consolidated, while yields ticked up. The USD tread water, however the AUD outperformed with industrial metals firmer.• China measures. China announced various steps aimed at absorbing excess inventory & propping up the property market. This is a positive for the AUD.• Event radar. US Fed speakers will be in focus. CPI data out of Canada & the UK also due, as are the latest PMIs. RBNZ meets on Wednesday. Most of the major global equity markets were little changed on Friday with the US S&P500 ticking a bit higher (+0.1%) and the key European indices...