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 Dryblower to see the Aussie currency rise by 10% last week and that broadly means the price received for everything exported fell by 10%.

Dryblower watches the alarming rise of the Aussie dollar Dryblower watches the alarming rise of the Aussie dollar Dryblower watches the alarming rise of the Aussie dollar Dryblower watches the alarming rise of the Aussie dollar Dryblower watches the alarming rise of the Aussie dollar

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.