AUD outperformance continues
• Quiet trade. A public holiday in the US. European equities a bit lower. UK yields a touch higher after UK services inflation surprised. USD consolidates.• AUD trends. The AUD’s post RBA grind higher extended. AUD/EUR touched a 1-year high, AUD/JPY at levels last traded in 2013.• Global data. Q1 NZ GDP shows economy emerged from ‘technical recession’. Bank of England meeting tonight. With the US away on a mid-week public holiday markets were quiet overnight. US equity and bond markets were closed. In Europe, equities gave back a little ground (EuroStoxx50 -0.6%), although the UK FTSE100 moved in the...