Dislikedand on what basis do you think it will go down? I don't want to contradict you but since the budget report came in rather good it might not fall...Ignored
The government's commitment to cut spending and return to surplus would hurt economic growth and so, it adds to the case for further interest rate cuts.
Lower interest rates and a reduction in federal government borrowing reduces the inflow of foreign capital into Australia and puts downward pressure on the Australian dollar.
Expect the unexpected.