Last week was slated as 'the most important...>

FOREX: Last week was slated as 'the most important week for the global economy

in years', central banks delivered, with the Fed hiking rates and the ECB

signalling an end to its APP program (but with a far flatter rate hike path).

- Friday saw the Dollar Index extend on Thursday's move, as it touched the

highest level since November last year, but a close above 95.131 will be needed

to confirm another major uptrend as the USD pulled back to finish Friday mixed

against a quieter G10 market, although US-China trade tariffs kept markets on

edge.

- NZD has edged lower at the start of the week, on the back of US-China trade

worry, while CAD has been on the back foot as oil edges lower following weekend

reports that Saudi & Russia will push for an increase in OPEC+ crude production

in Q3.

- Central banks remain front-and-centre with Hungary, Norway, Switzerland and

the UK holding policy decisions this week, Eurozone PMIs and Canadian CPI are

also due, the ECB will host its Sintra conference, with RBA minutes & NZ GDP

also due.