TVN 0.00% 4.6¢ tivan limited

Finance Update, page-18

  1. 4,297 Posts.
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    http://www.smh.com.au/business/mark...-chinas-yuan-strengthens-20160111-gm3490.html

    One thing in TNG's favour is the piss weak aussie $$

    'The Australian dollar came within a whisker of a seven-year low in trade on Monday, but jumped higher following a unexpected decision by the Chinese Central Bank to strengthen the currency. But it's inevitable the Aussie will soon be trading at global financial crisis levels below US69¢, analysts say.'

    Easy math - 1 billion Aussie 690 million US

    "If it continues to fall, the Aussie will be entering a new era of being quoted with a 6 in front and trading at levels not seen for seven years."
 
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