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.
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.
Want access to our latest research and new buy ideas?
Start a free 15 day trial and gain access to our research, recommendations and market-beating model portfolios.
Sign up for free