Quote:
Originally Posted by Peter Ward
I fail to see how a low dollar helps one iota.
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I think it helps as most commodities are traded in American dollars. So for exporters they make more money as they convert back to Australian dollars. Eg gold at the moment is $1100+us per ounce. So at 70c the Gold miners are getting roughly $1600au. Better than 12 months ago when dollar for dollar.