the daily grind ... , page-18

"Technically with the fall in the Aussie dollar and the fall in oil, the profit margins of producers should be preserved from this latest fall in the POG. However I am not expecting this to happen."

I think the Aussie dollar will go down because the RBA has said the next move will probably be a cut. If you look at NZ, their currency has fallen quite alot since they began cutting rates and on a time scale we historically through this rate rising cycle have followed NZ so we are afew months behind in following NZ down.

High gold prices are not the only thing holding the Aussie up against the US, I think even if inflation is bad, RBA will cut.