Yes it would. Currently, A$1 = US$0.6983.
Gross debt position on:
10th December: US$692.5m (A$1082.0m)
17th December: US$692.5m (A$991.7m)
So that's a A$90.3m reduction in 7 days.
However, consequently there will be a reduction in our revenue stream when commodity spot prices are converted to $AUD. But considering our predicament, lets hope the US declines a little more.
us$ collapse --> now at 69.50, page-2
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