Mathias Cormann, finance minister of Australia, explains how the new budget will make the country's tax system more growth friendly.
The dollar rose, rebounding from recent lows against the yen and euro.
Mervyn Tang, director of Asia-Pacific sovereigns at Fitch Ratings, talks about the decision by the Reserve Bank of Australia to cut rates.
The RBA probably saw few risks from cutting interest rates as inflation is low, says National Australia Bank's FX strategy co-head, Ray Attrill.
The 2016/17 budget lacked structural reforms and economic leadership, warns Annette Beacher of TD Securities.
The yen jumped to a 18-month high against the dollar, extending gains that have undermined Japanese officials' attempts to reflate Japan's economy.
The Reserve Bank of Australia unexpectedly cut its cash rate by 25 basis points to a record low 1.75 percent.
Asian stocks mostly gained on Tuesday, with Australia's shares climbing and its dollar falling after the RBA cut interest rates unexpectedly.
The RBA's rate cut was a preemptive move to stall the economic slowdown, says Innes Willox, CEO of Australian Industry Group.
Just 18 of 51 economists polled by Reuters had expected a cut by the Reserve Bank of Australia.
ANZ's Richard Yetsenga says factors such as stable economic growth and rising credit concerns could have kept the RBA from cutting interest rates.
Steve Goldman, Kapstream Capital MD, believes the RBA should wait for the release of the budget before cutting rates further.
The RBA will have to consider the AUD strength and whether another rate cut will help the economy, says Savanth Sebastian from Commonwealth Securities.
JPMorgan Jonathan Cavenagh explains why the Australian dollar could weaken to 73 to 74 cents against the greenback in the next few months.
After the Fed and the Bank of Japan kept their monetary policies unchanged, investors will be closely watching the Reserve Bank of Australia.
The yen rallied sharply and stocks tumbled Thursday after the BOJ kept monetary policy steady policy steady at a scheduled meeting.
Asia markets closed lower on Wednesday, ahead of key central bank decisions from the Fed and the Bank of Japan this week.
The RBA won't ease immediately as the soft CPI data helped weaken the Aussie dollar against the greenback, says Societe Generale's Toby Lawson.
Most Asian markets gained on Tuesday, led by Japan, as oil prices steadied after Monday's drop on producers' failure to reach an output-freeze deal.
The yen soared to its highest in 17 months against the dollar as sentiment in stock and commodity markets soured, with crude oil retreating.