I think Aud is getting worse as RBA doesn't have any tools to prop up AUD.
. No foreign reserves outside China (not sure 100% because China is our main export country)
. No money allocated for FX intervention.
You've known the story of Yuan.
So why do you think it's better to have a lower currency.
FDIs are very important. Without the Shell-Bg merger I don't think AUST LNG is going to survive.
Are we going to see some M@A. Why don't foreign companies buy out Australian og players to swallow the EXPORT potentials.
Don't expect a merger base on "dirt assets" as before.
I don't see AU players have better "real assets" than STO and ORG and AWE.
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