I wrote back on the 12th of August my view on the recent fall in the A$ and the web cast today confirms my suspicion that they are very susceptible to the currency direction. As centro was the main holder for the various entities for their fx positions and were then unable to renew expiring positions because of counter parties not willing to or to save cash flow thay are now in a vulnerable position ans subject to the A4 movement.The improvement in the postion since june 30 is significant as the A4 headed south. Lets hope that the dollar heads to 80 cents
CNP Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
