"If the Aus dollar were to drop to 55c in the next 4 years then without any hedging in place our us properties and us earnings would almost double in value.
We would be in a very happy place."
With the Qld disaster we may see the dollar continue to be sold down.I have read that the RBA is being encouraged to intervene should the currency fall to quickly, there is a downside risk to the currency. imo
wow. what an announcement all hedges closed, page-19
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