Holding steady
• US holiday. Quiet start to the week with the US on holiday. European yields ticked up, while in FX the AUD has been a relative outperformer.• Iron ore. Sluggish China PMI data has weighed on iron ore. But limited AUD spillover, inline with the low correlation with prices over recent years.• US data. Release calendar heats up with US ISM out tonight. Various jobs metrics due the next few days. Positive data could give the USD a boost. With US markets closed for the Labour Day holiday swings across the major asset classes have been minimal at the start...