CP82, it does seem as you say about the $US being a safe haven...
But ask yourself this. Times are bad. Uncertain.
Yet, every day trillions of dollars are swilling around needing somewhere beside under the bed to depost.
WShares are risky, so where do you put them? Euros's? Of course not. Fallen through the floor.
In $AUD which, as Selmax says, reflects demand for our commodities which are falling? Nope.
In Korean wons? Gotta be joking.
Canadian dollars? Never heard of them.
Eastonian Kroons? Indonesian Rupiahs?
...you get the picture.
The world's BIGGEST economy is still the USA, and its mighty dollar, under pressure or not, is still the world currency and offers the least risk.
weekend chart, page-18
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Last
$44.74 |
Change
1.380(3.18%) |
Mkt cap ! $227.0B | |||
| Open | High | Low | Value | Volume |
| $44.35 | $44.86 | $44.27 | $675.0M | 15.16M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 60000 | $44.71 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $44.75 | 3245 | 8 |
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| Last trade - 16.10pm 27/09/2024 (20 minute delay) ? |
| BHP (ASX) Chart |