Yesterday we heard that France and China have been in discussions for the last 12 months over FX policy and there are increasingly more mainstream media reports about currency wars. China and Japan are doing what they can to stop their currencies strengthening, the US and UK are trying to weaken theirs as well, Germany is happy to be part of a weaker EUR keeping itself competitive and the lone-ranger who seems to be happy with a stronger currency is the AUD. May you live in interesting times.