AUD/USD appears to be tracking global sentiment more closely than local data or events. This week's focus is likely to be US-China trade talks with favourable sentiment positioning the Aussie to trade well above last week's 19 month lows.

Political uncertainty already impacting consumer confidence. Business confidence likely to suffer as well.

AUD opens the week at fresh 20-month lows. A raft of local eco data, widening gap in yield between the US and Australian 10-year government securities and a little more of Trump to drive direction from here. smh.com.au/business/marke… via The Sydney Morning Herald

Low wages growth and household debt a threat to economic growth afr.com/news/economy/l… via Financial Review

ANZ variable home loan rates up 0.16%, effective Sept 27.

Strong employment numbers released today, 44k new jobs added in the month, 33k full time. AUD continues last nights rally, now almost a cent higher than yesterday, rates up roughly 3-4 points across the curve.

We've released our annual Major Projects report. We find that the construction pipeline is very strong, especially on the infrastructure side, but emerging cost pressures are a downside risk that is worth keeping a close eye on. You can read an overview here...

3 down and 1 to go for 2018 as US Fed raises rates and maintains a bullish tone on the economy businessinsider.com.au/federal-reserv…

How good are these girls, our biggest fundraising day for the tour, absolute legends, Jess Daniels and Courteney Kemp #silverliningride #ocrf

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Very happy to get a couple of yardings away above 400c/kg last week, let's hope it's the new norm. weeklytimesnow.com.au/agribusiness/l…

20yrs ago John Kelly topped the Euroa sales with his heifer weaners at $120, yesterday he sold them to $1,330. #ANZAgri #mla

R u a fine food and wine connoisseur? We have gallons of great items up for grabs at our #ANZCommunity Charity Auction for the Cancer Trust

AUD: Overnight it rallied 1c and hit US79.43c, before trading slightly lower this morning at US79.32c bit.ly/2tE3ZoT @sangriablues

June exports fall 1% Imports up 2%. A big miss from economists. Equities unmoved. AUD slips which will please RBA/ exporters. Modest fall

ANZ updates key forecasts on the back of favourable GDP outlook, 2018 = AUD to 0.83, cash rate to 2.00%.

Aust Agri +7% YOY growth for the past 20 yrs, but where are the Aus Super Funds #fundingourfuture #anzagri

If central banks continue to push ahead, investors will be left scrambling to catch up​ on.wsj.com/2zF7D9h

The whispers among Well Fargo employees had been around for years: Some of its business customers got cheated. on.wsj.com/2ictIF4

Fed Chair Powell says balance sheet to be normalised in 4yrs. That alone should push US 10yr yield up by 130bp. Add in a series of rate hikes and it’s not hard to get 10yr yield above 4% at some stage in the next few years. That will pressure valuations in all other asset classes