Always two sides to the coin Bruce.
Another negative to lower AUD will be risk of inflation.
Especially fuel and other overseas items but hopefully a net positive for Australia overall.
If you think AUD might go lower before Oct you can convert to another currency now. Of course if you do, you run the risk of picking a low point! Your other option is converting after a bounce that runs out of steam.
A lower AUD will be good for our gold sector though so that might even pay for your holiday :)
An 85c AUD over a few months would give us an AUD POG of $1464.
80c would give us $1555. Almost all local producers would be very happy with that.
I would prefer to see the AUD hold (because that implies a stronger world economy) and POG rise but either option will be good for the gold producers.
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Always two sides to the coin Bruce.Another negative to lower AUD...
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