Australian dollar on approach to 0.7200 again

AUD/USD is grinding it out a little higher, up from around 0.7175 to 0.7195 odd now

We had RBA minutes earlier:

• RBA minutes: No strong case for a change in monetary policy

Can't see too much in those to prompt buying (mind you they did say the next move in rates, while not soon, will be up …. so there is that).

Coming up soon:

• Heads up for China's President Xi to speak today

I don't know specifically what he will say but the gist will be 'its all good', count in it. Should help AUD I guess and might be a factor for this wee pop.

Meanwhile, its not bad for the kiwi either. NZD/USD moved higher on improving business survey results:

• NZ business confidence: -24.1 (prior -37.1)

NZD has been the better performer, so it gets the pic!