• Australia must be prepared for global uncertainty
  • Surplus gives RBA room to move on monetary policy
  • ‘Plenty of room’ for RBA to move rates if needed
  • Australia governments face structural fall in revenues
  • Australia is returning to prosperity in 2012

Bloomberg reporting.

Gillard has promised a budget surplus in the fiscal year starting July 1, ending a run of four years of budget deficits.

AUD/USD sits at 1.0360, effectively unchanged from where it closed out in North America Wednesday.