Australia's revised federal budget, released on July 14, showed that the country's actual economic performance over the past two months has been stronger than the government predicted in May. The new budget significantly raised forecasts for the future price trends of natural resource products, and the expected revenue from Australia's bulk commodity exports was also revised sharply upward by 17%. Annual fiscal revenue is expected to increase by AUD 5 billion each year, which comes as timely relief for the Gillard government as it prepares to face the test of a general election. As a result, the Australian dollar began to surge against the US dollar on July 14. KVB Kunlun International's Chief Foreign Exchange Strategist Su Zhiheng was interviewed by Phoenix TV and shared his views on the recent trend of the Australian dollar: "We have seen the Australian dollar surge against the US dollar from 0.83 to the 0.8850 level in just the past week, a rise of more than 500 points, which has already fully reflected most of the positive data. However, we should note that there are still many uncertain political and economic factors at present. If the Australian dollar rises above the 100-day moving average of 0.8850 in the coming week, or even challenges the 250-day moving average at the 0.8950 level, this wave of upward rebound should be regarded as temporarily concluded."