If you recall, I posted a couple of days ago about the challenge Australian PM Malcolm Turnbull was facing within his own party.

Fellow Liberal, Peter Dutton, unsuccessfully challenged the current PM for the role of leader of the party. If he won that would make him the PM of Australia.

The bid failed, however, we have woken to the news that Dutton is looking to mount a second challenge.

Watch this space.

The AUD/USD is still hovering around 0.7350, but we might be in for a move if we get a change of leadership. That is a big if based on the last failed run by Dutton.