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!