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Well it's happened, stating the obvious I guess. The big question is will there be more casualties from the exchange rate appreciation?Iluka Resources Ltd. (ASX: ILU.ax) fell as much as 4 percent to A$5.64 -- its lowest level in nearly five weeks -- after the mineral sands miner cut its full-year earnings forecast on Wednesday by about half, citing an unfavourable exchange rate for the Australian dollar.
Well it's happened, stating the obvious I guess. The big question is will there be more casualties from the exchange rate appreciation?
Iluka Resources Ltd. (ASX: ILU.ax) fell as much as 4 percent to A$5.64 -- its lowest level in nearly five weeks -- after the mineral sands miner cut its full-year earnings forecast on Wednesday by about half, citing an unfavourable exchange rate for the Australian dollar.
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