The larger issue.
Around the world the USD as a safe haven which compounds the rise of the USD.
1 The AUD is falling towards .66usd this only compounds Australia inflation and increases the need for more and harder rate rises which also increases expectations of higher returns in the ASX.
2. Australia has $4 trillion in foreign investment therefore the RBA needs to take measures to prevent a foreign exchange sell off.
This can be partly be achieved though keeping interest rates at the Fed level or a bit higher than the US.
April 22 Aud was .76 usd today .67 usd. that is a huge foreign exchange loss.
3 The falling AUD will prevent some RMS losses from a falling gold price but increased market expectations for higher returns will likely hurt RMS share price.
market revaluation 75 cents., page-277
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Last
$2.00 |
Change
0.010(0.50%) |
Mkt cap ! $2.285B | |||
| Open | High | Low | Value | Volume |
| $2.03 | $2.04 | $2.00 | $4.978M | 2.481M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 50724 | $2.00 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $2.01 | 21435 | 4 |
View Market Depth
| Last trade - 16.10pm 10/05/2024 (20 minute delay) ? |
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Last
$2.01 |
Change
0.010 ( 1.09 %) |
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| Open | High | Low | Volume | ||
| $2.03 | $2.05 | $2.00 | 1499253 | ||
| Last updated 15.59pm 10/05/2024 ? | |||||
| RMS (ASX) Chart |