Orica blasts dollar

Mining services and explosives company Orica says the government is not doing enough to rein in the dollar, which has been above $US1 for a record nine months. It was at US105.20¢ on Thursday, a day after Treasurer Wayne Swan called it "defying gravity". Orica chief Ian Smith said companies were being forced to contemplate the cost of operating in Australia.

By InvestSMART · 12 Apr 2013

By InvestSMART ·
12 Apr 2013

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Mining services and explosives company Orica says the government is not doing enough to rein in the dollar, which has been above $US1 for a record nine months. It was at US105.20¢ on Thursday, a day after Treasurer Wayne Swan called it "defying gravity". Orica chief Ian Smith said companies were being forced to contemplate the cost of operating in Australia.

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Orica blasts dollar

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