The AUD is getting an absolute thrashing, and that is by every other currency. Maybe good for Gold stocks and a few miners however the last thing a country needs is a weak currency. Been banging on about this for years....Australia has a narrow based economy which largely relies on ‘luck’. To be more precise, the weather and stuff in the ground that She put there. Zip to do with Aussies, who in my view overfancy themselves. In the near future we should see the ABC presenting hard luck stories relating to the cost of fuel ( which of course is due to Multinationals’ greed and nothing to do with the AUD.) Interesting times ahead!
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