Another thing helping to boost the A$ this morning was the news overnight that China reported that exports had increased the most in 3 years last month... For those of you keeping score at home... That's a 46% increase in exports during February for China! Now... I can hear some of the new readers saying, what in the world do China's exports have to do with the A$ rising? Ahhh grasshopper, come sit...

You see, Australia is a raw materials (commodities) rich country, that supplies China with all the raw materials they need to build their infrastructure. When China slowed down, it caused a chain reaction to Australia... But... As we've seen in the past 9 months, China was the first to come out of the economic slowdown, and this report confirms that they are hitting on all 8 cylinders right now... So, as the old saying goes... What's good for the goose is good for the gander, it applies here... What's good for China is good for Australia!

That can be carried over to the commodities too... What's good for China is good for commodities... And looky here, copper, for instance rose $24 on the Chinese news!

The Reserve Bank of New Zealand (RBNZ) meets this afternoon to discuss rates... I would be very surprised to hear that the RBNZ hiked rates this afternoon... Like I said the other day, I think that they will wait another month... But, does this present us with a buying opportunity before the hike? You bet your sweet bippie it does!