Major central banks will host their monetary policy decisions, though the Federal Reserve (Fed) remains in center stage. Expectations of a resumption of the easing cycle pushed the US Dollar lower, along with US Treasury yields as traders brace for the release of US Retail Sales data.
The revision of US employment figures for the period from April 2024 to March 2025 was eagerly awaited, especially after last Friday's US labor market report had come as such a big disappointment.
Friday's August jobs data was again on the soft side. It was soft enough to have the market starting to speculate whether the Federal Reserve would restart its easing cycle with a 50bp rate cut - as it did last September.