Commodities vs. Aussie Dollar - Aussie Stock Forums

Results 1 to 2 of 2
  1. #1

    Default Commodities vs. Aussie Dollar

    I'm not sure how to work out, does the rise in the Australian Dollar vs The US Dollar benefit or hinder those in the commodities market? Specifically, miners like BHP and Rio, if the value of the AUD goes from .55c to .85 to the US dollar, does that mean the profit outlook for them is better or worse?

    George T

  2. #2

    Default Re: Commodities vs Aussie Dollar

    Worse, Also BHP reports its earnings in USD.

    Also note commodities are priced in USD.

    The rise in commodities in usd terms is partially offset by the rise in AUD. (BHP's usd profits are worth slightly less.
    I believe effort to be a finite resource. Something to be used only when there are no other options available.

Similar Threads

  1. Rising Aussie Dollar and your job
    By Soft Dough in forum General Investment and Economics
    Replies: 30
    Last Post: 14th-November-2009, 11:20 PM
  2. Aussie dollar vs. US dollar
    By archilles in forum General Investment and Economics
    Replies: 16
    Last Post: 21st-December-2008, 02:52 AM
  3. Replies: 243
    Last Post: 23rd-September-2007, 12:27 AM
  4. Replies: 2
    Last Post: 6th-July-2005, 12:47 PM
  5. Aussie Dollar
    By salz in forum Forex
    Replies: 18
    Last Post: 4th-May-2005, 09:44 PM

Tags for this Thread


Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
Aussie Stock Forums