USD on the backfoot
• US macro. Weak US retail sales weighed on bond yields & the USD on Friday. AUD & NZD extend respective rebounds. US holiday today.• Central banks. Markets expecting another 50bp RBNZ rate cut with a 25bp move by the RBA anticipated. Have easing cycles already been priced in?• Event Radar. In addition to the RBA (Tues) & RBNZ (Weds), AU jobs report also due (Thurs). Global PMIs scheduled (Fri). US Fed members speaking. Global Trends US economic data was the market driver on Friday night with no fresh geopolitical or tariff-related headlines coming through which moved the dial. US...