Hedlander - USDAUDX is a paradox when it comes to resources stocks. Rising AUD is correlated with rising Resources sector SPs.
I think speculators buy AUD when resources/commodities are expected to do well, and sell AUD when resources expected to go down . . . as well.
However as you point out, it is the opposite of common sense at the AUD earnings level.
Hedlander - USDAUDX is a paradox when it comes to resources...
-
- There are more pages in this discussion • 4 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add RIO (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$109.94 |
Change
-1.610(1.44%) |
Mkt cap ! $40.81B | |||
| Open | High | Low | Value | Volume |
| $110.78 | $111.02 | $109.25 | $81.63M | 742.1K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1300 | $109.70 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $109.94 | 1298 | 1 |
View Market Depth
| Last trade - 16.10pm 02/09/2024 (20 minute delay) ? |
| RIO (ASX) Chart |