"We will get the resourcs rally if and when the $AU starts to recover, when investors see through the myth of the $US, when the $AU is seen as no-risk, aided by the interest rate differential with the USA... when the dust settles and a little sanity prevails, IMO."
People seem to forget that the US is the richest country in the planet (followed by the Japanese).
When the US companies ( like they are currently doing) start to repatriate wealth back home you see the US currency taking off and the rest of the world suffers as a consequence.
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Last
8,665.3 |
Change
-2.900(0.03%) |
Mkt cap ! n/a | |||
| Open | High | Low |
| 8,668.2 | 8,714.6 | 8,652.6 |
| XJO (ASX) Chart |