Today's another case in point, gold is up around $4 USD but down around $7 AUD because of exchange rate variances.
I think that the RBA will have no choice but to cut again considering how weak our growth is how stubbornly high the AUD has remained. Analysts have touted a sub 50c AUD if US interest rates surpass ours and it's what we need to be competitive again for our export market although we no longer exporting much other than raw materials.
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