On another note..related to the Aussie Dollar.
The spike in price of Iron Ore since OCT16 from $60 to $90 per tonne will provide much improved Aussie Trade numbers today. However, the last few weeks has seen a retrace in Iron Ore prices (see index).
On the back of this the Aussie Dollar will retrace. The AU$ is almost pegged to Iron Ore.
https://www.*.com.au/iron-ore-prices-hit-a-multi-month-low-ahead-of-a-long-weekend-in-china-2017-4
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