How to ride out the rising Aussie
Background: Since the Aussie hit its historic lows below 48 US cents in April 2001, we have seen an almost uninterrupted run higher, trading above 78 US cents to the Australian dollar in January this year. Trends such as this put substantial pressure on those with currency exposure -- in this case, Australian exporters. But there may be a silver lining. Those exporters who established hedge contracts early in the previous year may find themselves holding a valuable asset -- one which they can
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