The Aussie battler was hammered last night, not before time, and is trading as I write at $71.70. It is in free fall against all major developed economy currencies now, including the severely debased yen:
Even against commodity competitors we’re now making some headway as the Canadian loonie and Norwegian kroner outperform:
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Quite rightly given Australia is very much more exposed to the developing economy rout than either of those two.