Not at all a silly question.
Currency impacts are both positive and negative; but is it a wash?
At a time when you are spending a lot of money, the value of the currency you are spending is very relevant.
I own a lot of AUD on the ASX, so it helps me as well if I bring it back home. But every time I think I know what the AUD is going to do, it doesn't.
But I definitely agree with toly that increased recognition of AUS role in critical material supply chain (which imho started way back and seemingly hasn't made a difference in years) should, can, is a potential reason for the increased support. I long ago gave up my thinking that the AUD will ever make another run at USD$0.8 again, which was my hope for many of the many years past.
The long chart does not support any level of excitement with regards it going one way or the other.
I would think that a company operating in Malaysia and Australia and getting paid in USD would maintain a large USD position to facilitate operations.
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37 | 20525 | 7.830 |
15 | 31763 | 7.820 |
10 | 22258 | 7.810 |
11 | 42370 | 7.800 |
Price($) | Vol. | No. |
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7.850 | 18520 | 44 |
7.860 | 25273 | 32 |
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