After the elections over the weekend, the political uncertainty in Australia is maintained, the situation is no solution at the moment. This makes a lot of investors to be nervous. Rating agencies are threatening to lower the AAA credit rating of Australia, due to accumulated budget deficit. This is unlikely to refuse investors continue to buy bonds, although yields fell to 1.98% against 2.88% at the start of the year.
Australia's economy grew above expectations in the first quarter and the median value shows very likely higher than expected data for the second quarter. Separately, commodity prices stabilized, which is good for export-oriented country, that mainly exports go to China.
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