Rudd refused to stand down after the Deputy PM asked for a leadership vote and will face a vote tomorrow. Climate change and asylum-seekers are the issues that are key to his continued leadership, Rudd says. He says he is capable of winning the vote on Thursday.
Here is some background…
AUD/USD is understandably choppy, whipping around between 0.8700 and 0.8760. We trade now at 0.8740.