The AUD has tanked to a tick over 0.70, down 1% today after a similar fall yesterday.
March Qtr CPI came in at 0.0%.
To put it in perspective, at an FE realisation price of USD 85 (taking into account 10% discount), would return an additional AUD 1.20 at 0.703 compared to 0.710.
It is a considerable amplifier of the realisation price. Given how low it came in, it is now more than likely we will see the AUD under pressure for some time to come...
Iron ore price, page-11942
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Last
$17.84 |
Change
-0.110(0.61%) |
Mkt cap ! $55.26B | |||
| Open | High | Low | Value | Volume |
| $17.88 | $17.91 | $17.80 | $9.625M | 468.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 7016 | $17.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.87 | 3444 | 7 |
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| Last trade - 10.06am 19/11/2024 (20 minute delay) ? |
| FMG (ASX) Chart |