Surely the Aussie dollar is exposed to the China downturn in the next six months?
How can the iron ore price remain inflated? Alongside it met coal? What if thermal coal gets a sneeze from a deflationary oil price this Northern Hemisphere winter?
The true "torque" - that word again unfortunately - will come from a weaker Aussie dollar.
A currency that is so commodity dependent. BHP and Rio have only just started referring to the cracks in iron ore.
Daily Aussie gold price jumped $50 from Friday to Saturday - incredible. Looking for more of these moves.
Above is not financial advice and my opinion only.
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Last
$2.90 |
Change
0.140(5.07%) |
Mkt cap ! $2.755B | |||
| Open | High | Low | Value | Volume |
| $2.88 | $2.95 | $2.85 | $9.094M | 3.133M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 30 | 68068 | $2.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.90 | 11143 | 16 |
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| Last trade - 10.56am 07/08/2025 (20 minute delay) ? |
| WGX (ASX) Chart |