The AUD was US 68c in early Jan.23, briefly hitting US 71c in...

The AUD was US 68c in early Jan.23, briefly hitting US 71c in late Jan 23. Since then it has been on a, generally, declining trend, hitting US 64c yesterday.
Many expert commentators are stating they expect this trend downwards to continue- particularly if US inflation remains stubbornly high, which will delay US interest rate cuts.

As WHC is paid in US $, a continuing decline in the AUD/USD exchange rates is good news- WHC profits, when converted back to AUD, will result in significant, increasing WHC profit margins.

abc.com.au 17.4.23 I. I. Verrender said

"...While America's economy continues to defy the odds, with stronger-than-anticipated inflation, employment and spending, Australia's economy is labouring under the growing weight of the past two years of rate hikes...

That's now raising the prospect that we may end up cutting rates before the United States, an outcome that would place the Aussie dollar under even more pressure.

It is bang on 64 US cents this morning, and threatening to break even lower".

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