CT
AUD back to 77 after a slight dip yesterday
Base metal prices have been strong of late. There seems to be a strong correlation between metal prices and the AUD
Therefore the AUD IMO is heavily dependent on China's growth. There are other variables but China's growth/metal prices would be up there.
With China showing an interest in a few of our mining companies this year, ie OZL, RIO one would think high growth is likely to continue there.
Anyway we all know the benefits of a strong AUD for us so lets continue to cheer the AUD
Cheers
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