Correction on USD/AUD seems to be gathering momentum, reflecting the more positive outlook on US economy.
Just as the spetacular rise of AUD against USD, the fall of AUD against USD may also be significant - when carry-traders realize it is no longer safe bet to borrow USD and buy AUD.
Let's say if AUD falls 10% against USD to 82c from 91c, how much HFA is to gain? That gain is significant considering most of the HFA assets and income are in USD.
Correction on USD/AUD seems to be gathering momentum, reflecting...
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Last
$1.86 |
Change
0.010(0.54%) |
Mkt cap ! $908.8M | |||
| Open | High | Low | Value | Volume |
| $1.86 | $1.86 | $1.83 | $483.7K | 262.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 2078 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.87 | 2078 | 1 |
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| Last trade - 16.10pm 26/07/2024 (20 minute delay) ? |
| NGI (ASX) Chart |