The Australian share market performed well in June, with the All Ordinaries index closing the month 2.7% higher at 6,289.70 points. The positive result came as the Government's legislation to cut personal income tax rates surprisingly passed through the Senate.
The Australian Dollar continued its recent trend, falling by 2.0% in the month, with 1 Australian dollar currently buying 74.07 US cents. Once again, the Reserve Bank of Australia (RBA) board kept the official Cash Rate on hold at 1.50% per annum in the month of June.