I believe the sale is attractive because of lower aud in a short time frame because aud is tied with Yuan in which the country is facing a head swing if policy makers won't do anything to prop up its economy.
I knew chinese have abandoned Yuan to favor the USD for a long time. Any cuts in rate will spur usd liquidities in the country.
China is now depending on its consumers spending power where it’s similar to the US as we have seen the consumers spending power went up and down like a yoyo that's why central bankers are often wrong to justify its belief when maximum employment coupled with strong spending power will definitely drive inflation forward.
I stick with Aussie goldies and evn is getting off its debts within 3 months. I hope.
EVN Charts, page-36
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Last
$3.87 |
Change
0.110(2.93%) |
Mkt cap ! $7.685B | |||
| Open | High | Low | Value | Volume |
| $3.87 | $3.90 | $3.80 | $34.54M | 8.974M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 182060 | $3.86 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $3.87 | 22974 | 5 |
View Market Depth
| Last trade - 16.10pm 12/07/2024 (20 minute delay) ? |
| EVN (ASX) Chart |