GXY galaxy resources limited
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A US rate hike, will make the AUDUSD fall, so any increase in...

  1. Ninja Tuna
    2,874 Posts.
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    23/02/17
    14:25
    Post #: 22846892
    A US rate hike, will make the AUDUSD fall, so any increase in interest paid will be offset by the translation of USD profits into Aussie
    It's a natural hedge really when you got contracts priced in dollars
    GXY Price at posting: 53.8¢ Sentiment: Buy Disclosure: Held
    Likes Created with Sketch. 6  Upvote
    lightbulb Created with Sketch.  Great analysis
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