India, May 5 -- The Australian dollar strengthened against other major currencies in the late Asian session on Monday, after Australia's Prime Minister Anthony Albanese won a second three-year term in the 2025 Federal Election.
With more than 45% of the ballots counted, Albanese, the leader of the Labor Party, has declared a majority in parliament. Albanese pledged a "disciplined" government that would combat global trade tensions, prioritize cost-of-living relief, and reiterate support for renewable energy, tax breaks, housing, and healthcare investment.
Riding an increase of voter discontent with Trump's policies, Prime Minister Anthony Albanese won the country's general election on Saturday, handily defeating the conservative Liberal-N...