"The Australian dollar was less than half a US cent shy of parity with the US dollar at noon, after a sudden rush of gold buying pushed the unit to a new 27-year high.
At 1200 AEDT, the Australian dollar was trading at 99.47 US cents, up one US cent from Wednesday's close of 98.46 cents.
Since 0700 AEDT on Thursday, the local unit traded between 98.93 US cents and 99.71 cents"
This doesn't help with income in USD but it should be helping close out some more hedges. It should help with NTA also if the low dollar is causing higher inflation in the USA. Parity looks like being here in no time at all.
CER Price at posting:
16.0¢ Sentiment: Hold Disclosure: Held
