USD remains under pressure
• Upbeat tone. US equities rose on Friday, so did commodities. This, & the decline in the USD helped the AUD & NZD extend their upswings.• Tariff news. US announced various electronics imported from China will be ‘exempt’ from higher tariffs. But it only looks like a temporary reprieve.• Event Radar. China GDP, US retail sales, the BoC & ECB meetings, & a speech by Chair Powell are due this week. As is the AU jobs report & NZ CPI. Global Trends US tariff news remains in the driver’s seat. Sentiment improved in Friday’s US trade with equities pushing higher,...