Based on analysis by Westpac analysts, the US economic signals were mixed this week.
New and pending home sales surprised to the upside in August. But home prices continued to decelerate in July, and consumer sentiments were weak.
Mixed messages were also provided by Federal Reserve officials; Evans emphasis that he believed the FOMC had done enough to see inflation return to their 2.0% target, but Bullard continued to call for another 25bp cut by year end.
While we saw development regarding trade, but it is remains more to reach a deal and its damage has already been done to the US economy.
A formal impeachment inquiry against President Trump will create yet more uncertainty in Washington.