RBA’s Tanna Says Aussie’s Drop to Boost Commodity Export Returns

RBA’s Tanna Says Aussie’s Drop to Boost Commodity Export Returns

Carla Gottgens/Bloomberg

Should the Aussie depreciate from an average $1.03 in fiscal 2013 to 94 cents in fiscal 2014, that would increase the value of iron ore exports by about A$6 billion, according to a June report from the government resources bureau.