The AUD is rising too rapidly relative to USD, or perhaps the USD is falling too repidly relatively to #AUD.
Now $AUD1 = $USD.744695
The govt gurantee of the banks plus the higher official interest rate (relative to overseas, especially USA) are sucking in money from overseas and driving up our $AUD.
Not so long ago the exchange rate was around 65 cents so we have had a 15% rise in our currency. This is a major negative for our beloeved goldies (as well as all exporters and import competing industries).
