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Hi CalvoNot sure I agree with your view on high AUD as almost...

  1. WhiteNoise
    6,650 Posts.
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    26/09/10
    14:47
    Post #: 7244185
    Hi Calvo

    Not sure I agree with your view on high AUD as almost all the minerals and food exports are priced in USD.

    The problem is that a high AUD squeezes the margins of the miners and farmers, ie the price obtained in USD of the various commodities lags the appreciation in the AUD.



    XJO Value at posting: 162.00
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