Morning lads,
Later this week the inflation numbers are set to be announced. The consensus among the market is that inflation will remain low. However, if it were higher than expected, it would eliminate the possibility of interest rate cuts and increase the value of the Aussie dollar.
Besides these two obvious consequences, how would KAR be effected by a larger than forecasted inflation rate?
And is KAR's cash kept in AUD or USD?
Cheers fellow Karooners
Inflation's affect on KAR
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Last
$1.84 |
Change
-0.055(2.90%) |
Mkt cap ! $1.478B | |||
| Open | High | Low | Value | Volume |
| $1.90 | $1.91 | $1.84 | $7.064M | 3.788M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 46 | 142692 | $1.84 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $1.85 | 59036 | 47 |
View Market Depth
| Last trade - 15.15pm 22/05/2024 (20 minute delay) ? |
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Last
$1.84 |
Change
-0.055 ( 2.96 %) |
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| Open | High | Low | Volume | ||
| $1.91 | $1.91 | $1.84 | 1067743 | ||
| Last updated 15.32pm 22/05/2024 ? | |||||
| KAR (ASX) Chart |