It’s a nod to Bastille Day today and with the US President visiting France, declaring in a tweet his “unbreakable” relationship with the French President. Markets yesterday saw the Australian Dollar at the top of the FX leader board, pushing up through the London and New York trading sessions to close at 0.7730/35, having already tested 0.7740 earlier. The NZD has not had the same intra-day further support, but remains north of 0.73 where it reached later yesterday. The Canadian Dollar also continues to garner some support, not hurt by oil prices increasing somewhat higher yesterday. Following in the patter of Norway’s, Sweden’s CPI was higher than expectations, adding to the notion of a turning global rate cycle. NZ’s CPI next week (expected to be soft at 0.1%) and Australia’s the week after (expected at ~0.5%) will be important barometers.