RIO 0.91% $111.42 rio tinto limited

au$ falling, will rio rise?, page-2

  1. 1,635 Posts.
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    They had a lot of unhedged positions, so they have been strongly impacted by the $AUD. You'd expect them to have covered them with the weakness in the dollar, but people a lot closer to the action than us will know more.
    If they haven't covered their positions they'll be pretty happy about the decline in the $.

    Cheers
 
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