Oh, not sure why you couldn't just explain that in a few words, instead of make me watch 90 seconds of a video clip.
Its not at all a complex concept, and can be summed up as:
Increased supply of a currency results in devaluation of that currency.
Trouble is, that assumes Australia operates in a currency market vacuum; which it does not.
Our major trading partners - the US Fed, BOE, ECB, BOJ, PBOC - are all also printing money furiously, so it is a bit of a zero sum game.
And this is not a new phenomenon; it has been in train since the GFC without causing any major dislocations on the major currency markets (it is a different story for the currencies of countries with weak structural economics, notably many emerging market economies, but that is a separate discussion).
Welcome to the age of Modern Monetary Theory.
But to declare the likelihood of a decline in the A$ as some kind of tailwind for ARB is a bit of a long bow, and tantamount to being worth little more than guesswork.
.
- Forums
- ASX - By Stock
- Diesel Brothers and US growth
Oh, not sure why you couldn't just explain that in a few words,...
-
- There are more pages in this discussion • 27 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARB (ASX) to my watchlist
(20min delay)
|
|||||
Last
$47.85 |
Change
0.350(0.74%) |
Mkt cap ! $3.939B |
Open | High | Low | Value | Volume |
$47.33 | $48.03 | $47.11 | $5.568M | 116.8K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 506 | $47.73 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$47.99 | 235 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 506 | 47.730 |
1 | 506 | 47.670 |
1 | 1315 | 47.660 |
1 | 11 | 47.650 |
1 | 296 | 47.640 |
Price($) | Vol. | No. |
---|---|---|
47.990 | 235 | 1 |
48.090 | 506 | 1 |
48.100 | 1120 | 3 |
48.140 | 506 | 1 |
48.170 | 453 | 2 |
Last trade - 16.10pm 01/10/2024 (20 minute delay) ? |
Featured News
ARB (ASX) Chart |
The Watchlist
TON
TRITON MINERALS LTD
Adrian Costello, Executive Director
Adrian Costello
Executive Director
Previous Video
Next Video
SPONSORED BY The Market Online