I wasn't brave enough to say it this morning, but keep in mind our resource stocks generally do well when the USD declines (boosts global demand for commodities). That maybe a prolonged theme following Friday nights action... although it's a little counterintuitive as weakening US growth should dampen demand... but that's the historical correlation and look at what's happening today.
Iron ore price, page-53544
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$18.40 |
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-0.350(1.87%) |
Mkt cap ! $56.65B | |||
| Open | High | Low | Value | Volume |
| $18.40 | $18.81 | $18.26 | $189.7M | 10.27M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 12941 | $18.40 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $18.41 | 1940 | 2 |
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| Last trade - 16.10pm 05/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |