re: rio - short (very) term Hi guys,
I think rio is reacting to the strong aussie dollar, as resources will seem more expensive to international interests. As I think the dollar will keep rising, I expect the news to get worse for rio.
The reserve bank has signalled a likely rate cut, and stated that a further cut next month is possible.This could push the dollar further in the long run.
re: rio - short (very) term Hi guys,I think rio is reacting to...
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Last
$43.41 |
Change
-0.150(0.34%) |
Mkt cap ! $220.2B | |||
| Open | High | Low | Value | Volume |
| $43.11 | $43.56 | $43.09 | $104.5M | 2.410M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 16 | 3450 | $43.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.42 | 3922 | 24 |
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| BHP (ASX) Chart |