More sage words from SB2000 - commodities are down and so the A$ is down too - WTF?
The A$ is down about 33% against the US$ on what it was just a couple of months ago - are commodities down 30%? No of course not.
The reason the US$ is up is because everyone is scrambling to get them (US$) - hence there is a shortage and of course, their "value" against other currencies goes up...
