An Aussie dollar cushion for oil and gold

For local producers of oil and gold, it is the Australian dollar price of the commodity that matters. Too often, however, investors notice only US dollar prices. Sometimes the difference a currency makes in marginal; sometimes it is significant. With the Australian dollar now testing the 80c mark, the gap between USD commodity prices and AUD commodity prices is starting to widen. Investors are all aware to what prices are doing in USD prices but they should also pay attention to what is happening in AUD terms. The oil price, for example, has just about halved in a matter of...

For local producers of oil and gold, it is the Australian dollar price of the commodity that matters. Too often, however, investors notice only US dollar prices. Sometimes the difference a currency makes in marginal; sometimes it is significant.

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