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
They had a lot of unhedged positions, so they have been...
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Last
$111.50 |
Change
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| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| Last trade - 15.59pm 13/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |