Central banks in focus this week
• Mixed messages. Softer tone in equities. Bond yields continue to push higher. USD treads water, with a firmer EUR offset by a weaker JPY.• AUD & NZD. NZD tracking around levels last traded in late-2022. AUD near 2024 lows. Will this run continue or will the USD pause for breath?• Event radar. The China data batch, global PMIs, and US Fed/Bank of Japan meetings are the key events to watch this week. The divergent market trends continued into the end of last week. Equities had another soft session with a large drop in China (CSI300 -2.4%) leading the way...