It's mainly a strong USD globally rather than falling AUD. Strong USD can lead to downward pressure on commodity prices since they're all quoted in USD. So yes lower AUD is good for FMG but the counter is potential expectation of downward pressure on commodity / IO prices if the strong USD persists.
Iron ore price, page-7508
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Last
$17.32 |
Change
-0.840(4.63%) |
Mkt cap ! $53.32B | |||
| Open | High | Low | Value | Volume |
| $18.22 | $18.27 | $17.26 | $202.6M | 11.43M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 4600 | $17.31 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $17.33 | 396 | 1 |
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| Last trade - 16.10pm 14/08/2024 (20 minute delay) ? |
| FMG (ASX) Chart |