I know it is the wrong thread .... but since it had quite an impact on the index
after the rate announcement I was just wondering whether anybody has an opinion on why a rate rise is a) good for the banks (especially CBA) and b) a high AUD good for Australia?
I struggle to find a reason but it seems to me the market is happy with
the rise. Time to hit the pub .... this just does not make sense.
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Last
8,561.8 |
Change
-68.500(0.79%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,630.3 | 8,630.3 | 8,544.7 |
| XJO (ASX) Chart |