AUD traders – Australian election decided, incumbent government wins

News

The Australian election is decided, Scott Morrison’s government has held on to power.

There are still 8 seats too close to call but the current state of play with 76 seats required to form a majority are:

  • Government 72
  • Opposition 63

The question remains whether the government will require support from  minor parties to from a majority. Counting will continue in coming days but the big pic is no change change of government for Australia. 

For the AUD its eyes back on US-China trade war, the RBA, and the economy. Probably in that order. (They are all intertwined of course).


Australian PM Morrison

Meanwhile it looks like Austria is about to call a snap election. Unrelated but you’d be surprised how often the two get confused!

ForexLive

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