Fish,
I think gov has to undertake massive fiscal measures for rebuilding & supporting other losses, also rba can't increase interest rates as frequently as they would like, all these will put downward pressure on our dollar.
Effect of carry trade can also have a downward effect if usd rises and our interest rate remain stable or decrease.
Gold being accumulated at every drop may not have significant impact of US$ and it cant be ruled out that gold may even rise with usd (due to PIIGS soveriegn risk)
Australian gold producers should benefit in most of the scenarios (except, gold falls off the cliff for longer duration or Aud become very very strong)
ann?, page-28
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