AGO
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0.00% 4.5¢ atlas iron limited

aussie dollar, page-3

  1. R_Soul
    9,473 Posts.
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    12/05/13
    08:05
    Post #: 11752938
    Niloony,

    you ask.

    Does anyone know the effect of a falling AUD for AGO? How well(in this case poorly) hedged are they etc?

    put simply, (cause i don't know big words)

    commodity prices are sent in USD, so any exporter will benefit from a falling dollar. should help all of Australia, hopefully RBA finally learnt that lesson after watching USA, Europe, Japan, Korea etc try it. (and they say china is a currency manipulator)
    AGO Price at posting: $1.00 Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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