Looks like the market suddenly took notice of a story that has been in the Aussie press since afternoon Sydney time.
Looks like Treasurer Swan is open to lifting the threshold after which the tax kicks in but is opposed to dropping it all together. Not as bullish for AUD as dropping the tax outright, to be sure.
IF AUD can hold above the 0.8365 level over the next few hours, the techs are bullish. IF not, it looks like a false breakout….
UPDATE: Another take on the same story from the Australian. Thanks to Bear for the link…