aussie dollar, page-4

I know, was just wondering how AGO has structured themselves for currency moves since companies normally hedge.

In addition relative commodity prices will not necessarily lock step with the USD. Strength in the USD will not mean an increase in commodity prices for the rest of the world as America does not set the price. On the other hand if the AUD falls in isolation it will mainly be driven by falling commodity prices.

Thus for Australian miners is the only beneficial move one driven by inflation/Loss of yield? Something the RBA is only shadowing as it expects other factors, which will hurt miners will be the factors that drive currency below 95c.