The Australian dollar fell sharply against the US dollar in the first few minutes of Treasurer Wayne Swan’s speech which began at 7.30pm Australian eastern time this evening.
Swan unveiled a budget deficit of $19.4 billion.
Chart for the past five hours is from Investing.com – the big drop is in the few minutes following the release of the Budget papers.
NOW WATCH: Briefing videos
Business Insider Emails & Alerts
Site highlights each day to your inbox.