A market person who's views I respect and is usually on the ball, is of the opinion that the $A may be in for a quick fall of a few cents. The main reason is that our interest rates are more likely to fall than rise, and the US to rise slightly.
Anyway, the effect would be to strengthen FMG's fundamentals, even though a falling dollar usually does not mean rising share price.
So if that happens, and it seems likely, we can expect FMG's financial position to strengthen. Which is a great base to have when the market sentiment changes from down to up, - as it will.
A market person who's views I respect and is usually on the...
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Last
$21.90 |
Change
0.040(0.18%) |
Mkt cap ! $67.42B | |||
| Open | High | Low | Value | Volume |
| $21.92 | $22.11 | $21.82 | $224.3M | 10.10M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 3932 | $21.89 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.90 | 400 | 1 |
View Market Depth
| Last trade - 16.10pm 20/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |