The post-Independence Day rally is looking like a reality on Tuesday with strength in equity futures driving the USD and yen lower after the long weekend in the United States. In the midst of a broad equity rally across the globe, the Australian dollar is the top performer of the day, bolstered by optimism from the central bank earlier in the day. The Reserve Bank of Australia, left its benchmark interest rate unchanged at 4.50%, as expected and said that “Consumption spending is recording a modest increase at present, with households displaying a degree of caution, but most indicators suggest business investment will increase over the coming year.” The central bank also dropped an affirmation that rates were appropriate for the “near term”. The Swiss Franc meanwhile is under pressure against the euro on the back of a larger than expected decline in June’s CPI, which fell 0.4% month-over-month, further than calls for a 0.1% contraction. The data suggests the Swiss National Bank may yet return to weaken the currency should deflationary pressures rematerialize. As traders turn their focus to the U.S. session, the docket looks quiet, but by no means negligible with all eyes on the U.S. ISM non-manufacturing index at 10 a.m. EDT. Ahead of the open Dow futures are up 90.0 points to 9686.0 and S&P 500 futures up 10.75 points to 1025.0. Meanwhile, Euro/USD is up 0.40 cents to 1.2578, USD/CAD down 0.53 cents to 1.0581, USD/Yen up 0.15 points to 87.92, GBP/USD up 0.35 cents to 1.5171, and AUD/USD up 1.07 cents to 0.8500.