AUD/USD: Aussie government is expected to show spending restraint – BBH

AUD/USD is bullish just above 0.6300, BBH's FX analysts report.

Australia must hold an election by May 17

"Australian Treasurer Jim Chalmers will deliver a pre-election budget today. The government is expected to show spending restraint to avoid complicating the RBA’s job at curbing inflation pressures. Australia must hold an election by May 17 and the Labor government is almost neck-and-neck with the center-right opposition coalition in polls."