the poor mgmt of foreign currencies and hedging is what (apart...

the poor mgmt of foreign currencies and hedging is what (apart for misinfo and debt rollover issues) got us all into this mess.

If we are indeed lumping all the cash in a dying paper money, $US , then this gang are no better than the previous lot.

I cant for the life of me understand why such a materially damaging issue is not handled with greater care, AUD has appreciated some 20% since we took the cash, that means we have devalued our cash by around $200M, this is extremely concerning and i would hope we dont end up finding out that this is burning in front of us.

I have read a lot of pundits putting AUD above 90 cents and staying there for years, so lets hope mgmt get their act together on this one.

who runs finance at OZ - crusty ??