AUD currently at 0.685. Employment numbers released by ABS today is usually one of the strong drivers of AUD movements. Today may provide a better indication of what Monetary Policy settings will be in the near term.
Last month saw Part Time Employment drive most of the employment increase...again (I’ll update my economic health chart shortly).
A lower AUD will likely only strengthen the upcoming dividend payment as FMG accounts for Dec HY are already locked and the accounts are presented in USD.
I can’t see the AUD strengthening in any considerable way for a long time to come. Let’s see what today brings.
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$17.97 |
Change
-0.360(1.96%) |
Mkt cap ! $55.32B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
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| 7 | 104054 | $17.96 |
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|---|---|---|
| $18.07 | 4370 | 1 |
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| FMG (ASX) Chart |