a question.,
OXR made a loss in 2004 because of adverse currency movements, higher the AUD$ against the US$ is bad for oxr right.
So say Gold moves to US$500 and the AUS$ goes to say .85cUS, that hurts OXR bottom line right??
Cant OXR hedge against a stronger AUD$?
to stop all this currency exchange losses.
So what can oxr do to not have another minus(-) EPS year next year if the AUD$ continues higher.