Turnbull says Australian economy is strong and the outlook good

Australian PM Turnbull holds a media briefing 13 July 2016

  • priority is budget, economic measures
  • have no reason to doubt budget revenue forecasts
  • plans to announce his new govt early next week

Newly returned PM now has to convince markets and voters that he has the ammunition to do the job.

  • plans a very strong working relationship with UK

Meanwhile AUDUSD 0.7599 near session lows after a steady AUDJPY led retreat.

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