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27 Sep 2013
Flash: AUD/USD lower despite better budget update - TD Securities
FXstreet.com (London) - Research teams at TD Securities note the results of the final budget.
Key Quotes:
“The final budget outcome for fiscal year 2012/13 was a deficit of -$A18.8b, or –1.2% of GDP, over $A500m or so better than the pre-election budget update”.
“The new Coalition government under Tony Abbott is expected to reveal a mid-year update later this year, officially costing his election promises”.
Key Quotes:
“The final budget outcome for fiscal year 2012/13 was a deficit of -$A18.8b, or –1.2% of GDP, over $A500m or so better than the pre-election budget update”.
“The new Coalition government under Tony Abbott is expected to reveal a mid-year update later this year, officially costing his election promises”.