MGX 0.00% 36.5¢ mount gibson iron limited

Foreign entities also have to consider unhedged FX exposure....

  1. 354 Posts.
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    Foreign entities also have to consider unhedged FX exposure. Aussie mining companies benefit from a natural hedge of an Aussie dollar that in the past has correlated with materials prices.

    The Aussie looks pretty sick at the moment. The double whammy being the interest rate differential to other Anglo speaking currencies.
 
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