Renewed speculation about ETS might undermine the AUD

This is a market where people want certainty and the possibility of a leadership spill in the Australian opposition party could lead to a double-dissolution of parliament and a general election. That is because Kevin Rudd needs the support of the Liberal opposition to get his Emissions Trading Scheme through both Houses of Parliament. Just another reason for AUD longs to question their positioning although not enough to get a market suddenly turn bearish from bullish.