A US fiscal stimulus deal once again proved elusive over the weekend.
Governor Lowe may signal an increase in Australian monetary stimulus but it's likely to be limited in its economic effects.
Fiscal policy has much more scope to alter outcomes in the developed world.
US President hospitalised and several other positive coronavirus results in the Republican camp, Australian shares reacted sharply on Friday.
Friday’s US jobs report saw a drop in headline unemployment but may have indicated slowing momentum.
The Australian Treasurer will deliver the delayed budget this week.
The US dollar strengthened last week, following several unexpectedly hawkish statements from Federal Reserve Governors.
The Australian market rallied on the back of easing prospects and a weaker currency.
International shares fell as the dollar strengthened and as restrictions on gatherings and movement were reinstated in several European countries.