From Netwealth business summary: "The benchmark S&P/ASX200 stock...

From Netwealth business summary:

"The benchmark S&P/ASX200 stock index dropped 0.9 per cent to 5,652.1 points, its lowest level since February 8.
CMC Markets chief market strategist Michael McCarthy said the recent selling in the share market, amid low volumes, appeared to be currency related.
He said the potential for a stronger US dollar was prompting strategists to lower their targets for the Australian dollar, making local shares unattractive.

"The shift in the outlook for the Australian dollar is I believe weighing on the local market," Mr McCarthy said.
"With so many strategists shifting their view on the Aussie from up to somewhere between 80 and 84 (US) cents to now down to somewhere between 76 and 72 (US) cents, we've got a lot of reasons for international investors to bale out or even short."

Phew...lucky our products are US based and traded...nice hedge!...