I definitley agree with you that a lower AUD helps exporters that's a 100% certainty. However I think any rise in interest in the U.S so far has not seen a fall in AUD. Commodities prices have been bolstering the AUD. It's also not surprising that this recent AUD weakness coincides with falling iron ore prices. View charts
below:
MGX
Price at posting:
38.5¢ Sentiment: Buy Disclosure: Held
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