Sure, AUD rising because RBA isn’t going to cut as soon or as fast as the Fed impacts US$ profits negatively if repatriated, but it’s always outweighed by the US$ POO going up more. You mean Julianne Geiger‘s theory and as she says at the end, which you forgot to read:
Additionally, a weaker U.S. dollar, often a consequence of rate cuts, makes oil cheaper for holders of other currencies, further supporting prices.
Karoon Coming Milestones, page-108
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Last
$1.40 |
Change
0.010(0.72%) |
Mkt cap ! $1.091B | |||
| Open | High | Low | Value | Volume |
| $1.38 | $1.40 | $1.37 | $4.290M | 3.103M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2727 | $1.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.40 | 17538 | 3 |
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| Last trade - 16.10pm 01/11/2024 (20 minute delay) ? |
| KAR (ASX) Chart |