RBNZ & AU CPI in focus
• Upbeat vibes. US equities rose while bond yields dipped. USD softer. Run of weak US data supported the case for another US Fed rate cut in December.• RBNZ meeting. NZD ticks up ahead of RBNZ decision. Another cut expected with markets looking for a 25bp move. Is the easing cycle almost over?• AU CPI. First full monthly CPI report out. Data could be volatile the next few months. Will it reinforce the case for the RBA to hold steady from here? Global Trends The more upbeat sentiment across markets continued overnight with a mix of macro and geopolitical news...