Will be interesting to see the effect of currency conversion in the half year results as USD declined and AUD strengthened by circa 10 percent in the quarter.
That has now reversed and the pair has completed a head and shoulder formation which targets a complete reversal of that position.
This will lead to a significant currency adjustment in the current quarter.
This is largely due to a strengthening US dollar with Powell maintaining the hawkish higher for longer interest rates and earlier cuts priced into the Australian economy.
This in all likelihood will result in a 20 percent currency swing between the two quarters.
Will be interesting to see the effect of currency conversion in...
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Last
$1.29 |
Change
0.045(3.63%) |
Mkt cap ! $1.442B | |||
| Open | High | Low | Value | Volume |
| $1.27 | $1.32 | $1.27 | $16.63M | 12.86M |
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| 1 | 30048 | $1.29 |
Sellers (Offers)
| Price($) | Vol. | No. |
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| Last trade - 16.10pm 03/05/2024 (20 minute delay) ? |
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Last
$1.29 |
Change
0.045 ( 3.89 %) |
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| Open | High | Low | Volume | ||
| $1.25 | $1.31 | $1.25 | 2717786 | ||
| Last updated 15.59pm 03/05/2024 ? | |||||
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