Positive vibes
• Positive jolt. Soft US producer prices boosted risk sentiment. US equities rose, while bond yields & the USD declined. AUD’s rebound has extended.• RBNZ today. AUD/NZD on the radar. RBNZ meets today. Markets & economists split on whether a cut is delivered. AUD/NZD volatility likely.• Data flow. US CPI inflation out tonight. UK CPI also due. Tomorrow, Australian jobs, the China activity data batch, & US retail sales are released. A subdued US Producer Price Index, a sign upstream inflation pressures are moderating, generated a positive jolt for risk sentiment overnight. US headline PPI rose just 0.1% in July,...