Every 1c fall adds about 2 million in net operating profit to KZL. Despite Oz being a one trick pony, with a slowing economy, deteriorating terms or trade & a housing market on the cusp of a meltdown, the AUD will travel in the opposite direction to US treasury yields.
Behind the smokescreen of fighting inflation, I suspect the RBA wants home owners to pay off loans more before he gives them funds to go shopping at all the new Bunnings stores.
KZL Price at posting:
15.5¢ Sentiment: Buy Disclosure: Held
