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Dryblower watches the alarming rise of the Aussie dollar
Q: When is a rising price bad news for Australian mining? A: When it’s the value of the dollar. At risk of being an alarmist it disturbed <i>Dryblower</i> to see the Aussie currency rise by 10% last week and that broadly means the price received for everything exported fell by 10%.
Until now the Australian dollar has been working in favour of mining as it collapsed by 22% against the US dollar between Christmas and 10 days ago. In less than three months the local currency fell...
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