Link below contains a summary of opinions re WOW and WES. Included is a piece by Tery Mcrann who says the big story is the strong AUD.
The strong dollar is the other big story and The Herald Sun's Terry McCrann says the currency's strength is, on the whole, good for the country: "The strong dollar absolutely removes any last lingering chance of an official interest rate rise; and indeed takes any pressure ? excuse? ? off the banks to raise their rates independently. There was of course already no prospect of an official rate rise from the Reserve Bank today; and almost as certainly not for the next few months. The strong dollar sets that in cement. Indeed if anything it starts to open the door to a rate cut. Actually getting a cut would require the dollar to go sharply higher and for broad weakness in either the local or global economy. We're essentially in the lap of the gods. And the US dollar. Greenback weakness more than Aussie strength is driving this." A good piece, well worth reading in its entirety.
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)