Doubly whammy of a surging USD (the weaker AUD softens the blow, but there is a significant inverse relationship even after that) the past 2 days and a weakening in steel / iron ore prices.
i'd attribute a lot of it to the USD though... a lower USD supports global consumption of resources and that really underpins a strong IO price... but that trend has changed a bit of late, especially the last 2 sessions and taddaa... resource stocks sold off... Globally.
Iron ore price, page-51305
-
- There are more pages in this discussion • 1,416 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 FMG (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
$21.25 |
Change
-0.010(0.05%) |
Mkt cap ! $65.76B | |||
| Open | High | Low | Value | Volume |
| $21.58 | $21.58 | $21.23 | $45.79M | 2.129M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 3966 | $21.25 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $21.26 | 5263 | 26 |
View Market Depth
| Last trade - 12.42pm 25/06/2024 (20 minute delay) ? |
| FMG (ASX) Chart |