SGD

• Mixed markets. US equities rebounded & bond yields ticked up. Oil prices dipped. In FX, there were generally limited net moves. AUD near $0.67.• AU inflation. Headline inflation decelerated more than expected. But things are still a long way from target. RBA to lag its peers when rate cuts come through.• US CPI. December inflation data released tonight. Headline inflation forecast to nudge up, but core CPI predicted to slow. The data can generate USD volatility. Ahead of the US CPI release markets put in a mixed performance overnight. On the one side, equities bounced back with a tech...

• Positive vibes. US equities posted another gain with the seasonal rally in full swing. Backdrop supported the AUD which touched its highest level since July.• USD softer. USD lost ground with the lift in USD/JPY on the back of a ‘dovish’ BoJ an exception. JPY underperformed with AUD/JPY up ~1.6% over the past 24hrs.• US inflation. PCE deflator (Fed’s preferred inflation gauge) due at the end of the week. A deceleration could reinforce rate cut pricing, weighing on the USD. The positive run across risk assets continued overnight. US equities posted another gain with the S&P500 (+0.6%) within striking...