EUR upswing continues
• US jobs. Lukewarm US jobs report didn’t stir the market pot. US equities rose, as did bond yields. EUR extended its upswing. AUD drifted back.• EUR strength. Prospect of more EU fiscal spending is supporting the EUR. AUD/EUR & AUD/GBP down near multi-year lows. Is too much priced in?• Event Radar. US CPI (Weds) due. Bank of Canada (Weds night) expected to cut rates again. News about US tariffs & EU fiscal spending also likely. Global Trends After a volatile spell, particularly in European assets, last week ended without any new significant market ructions. The monthly US jobs report...