Backsliding coronavirus data and scant progress on an extension of US coronavirus stimulus are the themes early in the new week. Markets will await the ongoing US negitiations regarding the next stimulus ahead of key ISM data and NFP
on Friday. The pound was the top performer last week while the New Zealand dollar lagged. Early on Monday the China Caixin PMI rose to the highest since 2011. US manufacturing ISM is due next. Here is another look at those August seasonals.
The area around Melbourne, Australia moved into a phase 4 lockdown on the weekend that includes 8 pm curfews and no leaving the house except for essentials. It comes after officials revealed 760 virus cases in the region where they don't know the source of infection. The new rules will last for six weeks.