US economic indicators delivered support to riskier assets on Monday, with the all-important Goods Orders Non-Defense Ex Air increasing by 0.8% in January, reversing a 0.3% fall from December. Fears of getting it wrong would favor an over-tightening and a soft landing rather than losing the inflation battle, suggesting a more aggressive interest rate trajectory. Despite the RBA policy moves, private sector credit also beat expectations, with Australia’s current account balance returning to a surplus in Q4.