Good morning/evening/afternoon all. Ryan L. is back in town. Excellent! If anyone can fire up FX vols, its Ryan.

What’s on the agenda in Australia today … data-wise?

Just the one release, due at 0030GMT – The trade balance for March, expected is 1000m, prior was 1200m. As the volumes of mining exports take off after the mine construction boom, it looks like Australia is in for sustained trade surpluses (suplusii?).

Later in the day we’ll get a big fat nothing from the RBA (more on that coming)