The post Australian PM Anthony Albanese wins second three-year term in Federal Election 2025  appeared on BitcoinEthereumNews.com.

Australian Prime Minister Anthony Albanese has been re-elected as the country’s leader in a general election on Saturday, becoming the first in decades to secure a second term.  Labor claimed victory on Saturday night as it clinched at least 86 seats in the 150-seat House of Representatives, where a majority of 76 seats is needed for a party to form the government. Albanese defeated opposition leader Peter Dutton of the center-right Liberal-National coalition. Dutton also lost his seat in Dickson, Queensland, one he had held for 24 years. Market reaction At the time of writing, the AUD/USD pair is up 0.17% on the day at 0.6455. Australian Dollar FAQs One of the most significant factors for the Australian Dollar (AUD) is the level of interest rates set by the Reserve Bank of Australia (RBA). Because Australia is a resource-rich country another key driver is the price of its biggest export, Iron Ore. The health of the Chinese economy, its largest trading partner, is a factor, as well as inflation in Australia, its growth rate and Trade Balance. Market sentiment – whether investors are taking on more risky assets (risk-on) or seeking safe-havens (risk-off) – is also a factor, with risk-on positive for AUD. The Reserve Bank of Australia (RBA) influences the Australian Dollar (AUD) by setting the level of interest rates that Australian banks can lend to each other. This influences the level of interest rates in the economy as a whole. The main goal of the RBA is to maintain a stable inflation rate of 2-3% by adjusting interest rates up or down. Relatively high interest rates compared to other major central banks support the AUD, and the opposite for relatively low. The RBA can also use quantitative easing and tightening to influence credit conditions, with the former AUD-negative and the latter…

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Filed under: News - @ May 4, 2025 11:20 pm