Jun22 quarter predictions, page-27

Technically- the AUD can easily go back to 60c, and even lower.

I remember pricing an export commodity to sell in AUD when it hit 46c in the late 1990s. It is not inconceivable that AUD go down to very low in a retrace to then if happens again— result was that the AUD price of the commodity was very very high then! Record highs.
(In AUD - not so good for US producers)
All ok as long as producers had not hedged all the way down from 70c. (68c, 64/62c, heart in mouth through the 50s and then finally crescendo of huge prices in the 40c zone but few producers to take advantage of as banks pushed setting currency component of prices back then)

Fortunately Aeris have no debt.
No bank pressure at all. And good shareholders.

I don’t think we should ever underestimate the effect of the AUD.
And got to be agnostic wrt currency forecasts.

It is the USD which is strong .
Money has gone to cash. Cash being the USD.
Liquidity come out of commodities also. (Paper trade market - and end users don’t want to pay high prices for copper, so they’re not unhappy with the correction)

But the very high USD has dropped the usd price for metals including copper.

The AUD prices are not bad at all —and been cushioned by the AUD falling.
And Aud price of gold is still $2600 today ?