What will be the repercussions from China on this decision in Australia?

The AUD is on the slide, being attributed to the political turmoil in Canberra

But, what about this?

• Australia bans China's Huawei from participating in mobile network infrastructure build

Oz government citing security concerns.

I can't think China is going to shrug this off.

Stay tuned ….

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Other poor news from Oz this morning:

• ANZ 90% indicator of slowing Australia growth ... uh-oh

And of course, the politics:

• Australia's finance minister has tendered his resignation

AUD update:

The decision to ban Huawei was announced by Australian Treasurer Scott Morrison while media attention was focused on the leadership scuffle.

But you can't hide the real news from ForexLive Mr Morrison!