(Bloomberg) -- The Australian dollar was little changed after Treasurer Peter Costello yesterday announced tax cuts and a boost to spending in the budget.
Lower taxes follow a government report yesterday that pushed the Australian dollar higher as it showed retail sales jumped for a 10th month and before a release tomorrow forecast by economists to show unemployment remained at a 31-year low. The local dollar is the second-best performing of the 16 most-active currencies in the past three months as investors have been lured to the nation's highest interest rates in six years.
Read more at Bloomberg Currencies News
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