While the Aussie dollar
has strengthened by about 20 per cent since 2009, and half Gorgon's costs are in the currency, oil prices are up about 80 per cent in that time.
4 Aussie dollars
during 2008, that has fallen by more than a third to 1.
finished fourth and progressed further when last seen at Kempton just 13 days ago.
BOB MENZIES WAS PM, the Aussie dollar
didn't exist, and the world had not heard of Chernobyl when contractors from the Australian Atomic Energy Commission began clearing bushland south of Sydney as the site for a new nuclear research reactor in the early 1950s.
The dramatic ECB and Bank of Japan QE ensure that dollar strength will continue in 2015, meaning that commodities currencies like the Aussie dollar
, Canadian dollar, Malaysian ringgit and South African rand will continue to depreciate.
Figures from the central bank showed that it was looking to trim down a rebounding Aussie dollar
, as it was among the biggest threats to an economic recovery as a mining slowdown deepens.
On top of this, the fall in the Aussie dollar
means that petrol prices are under upward pressure , explains Diana.
While the decision to keep interest rates unchanged had been widely expected, the Aussie dollar
dropped in reaction to the Reserve Bank of Australia's statement that the local currency was still high, despite its recent slide.
It said the Aussie dollar
remained high despite a recent steep decline and saw scope for it to fall further, possibly diminishing the chances of another rate cut.
It is no coincidence that the Aussie dollar
has fallen from its stratospheric heights last summer even though iron ore exports to China/China GDP growth actually rose this winter.
With the lingering issues in Europe and tentative economic growth in the US, the Aussie dollar
may continue to be supported at its current level or slightly higher range.
Certainly, you can bet your Aussie dollar
that the Wallabies will turn up here with a few youngsters many of us have hardly heard of.