Onwards & upwards
• Upbeat tone. Markets continue to factor in US Fed rate cuts. US bond yields fell further & USD weakened. AUD approaching top of its year-to-date range.• US jobs. Benchmark revisions to US payrolls due tonight. Negative revisions could keep USD on backfoot, a tailwind for other currencies.• Inflation pulse. US producer & consumer prices due later this week. More signs of tariff driven inflation may generate a burst of market volatility. Global Trends News wise it has been a quiet start to the week. The lack of fresh information has seen markets reinforce their US Fed interest rate cut...