An Aussie dollar cushion for oil and gold
"With the Australian dollar now testing the 80c mark, the gap between USD commodity prices and AUD commodity prices is starting to widen. Investors are all aware to what prices are doing in USD prices but they should also pay attention to what is happening in AUD terms.
The oil price, for example, has just about halved in a matter of months and Brent crude is now at US$61 a barrel. For Australian producers, however, the local currency price is $75. That gap is a big deal. In the case of LNG producers and energy exporters, economics at $61 and at $75 are a world apart".
https://www.intelligentinvestor.com.au/aussie-dollar-cushion-oil-and-gold
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