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09:55
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Originally posted by philh9
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You would surprised as to how many on the markets know zilch and care even less about exchange rates, oblivious to their effects. All IMHO Copper will increase in price, the A$ is too high and that to will be fixed, expect at least 3 maybe four cuts in the next 12, US$ will stay strong, even stronger, expect the fed to lift. If you were sitting in A$ copper down-under given that scenario you should be feeling chipper. But all I see here is hourly posts of woe that the SP is not someplace or that the big boys are manipulating the price or the PR guys get it wrong, in fact everything but what really counts. The balance sheet is going to look a tad OK, so have/get your position and sit back and watch the show, but then that's just my view, we have oodles of em on this fine forum.
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For Uber exch experts, some impact should to be expected from the Temer interim appointment and the likely strengthening of the real against the US$ but all in all not as impactful as a strong US$ and feeble Aussie IMO.
