Markets closed out a volatile week, on a positive note, with all US bourses closing higher. A week rocked by reignited trade tensions, between China and the US, was calmed by rhetoric by the end of the week. The US Government is still under a closedown, so economic data will be very thin, until a resolution is found. This coming week will feature inflation readings across the US, UK and Asia (including New Zealand), Hotter than expected readings will demand further rate cuts are put on hold, as has been signalled in Europe. The US Dollar was steady, with the EUR trading above 1.1650, while the GBP consolidates above 1.3400.
The Australian Dollar has been under pressure, following weaker than expected employment data, but looked to regain 0.6500 by the end of the week. The NZD has been steady but an important inflation data, set to be released this week, is likely to halt any near-term rate cuts.
