Just heard AU$ dropping like a stone as NZ announces interest rate cuts. Apparently we are dropping in tandem with NZ$ because markets expect us to also cut soon.
Does that mean rio will go up short term? It had been falling as our $ rose. I think its worth exploring the rio Vs. AU$ relationship a bit more. Might be time to look at calls this arvo, if we get a fri selloff, for those that are short term players.
I think I'll just wait for the next signal to buy puts.I never go against the long term downtrend, but good luck for those who do.
au$ falling, will rio rise?
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Last
$120.20 |
Change
-0.650(0.54%) |
Mkt cap ! $44.62B | |||
| Open | High | Low | Value | Volume |
| $121.00 | $121.91 | $119.64 | $190.2M | 1.577M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 1282 | $120.19 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $120.41 | 24 | 1 |
View Market Depth
| Last trade - 16.10pm 20/04/2021 (20 minute delay) ? |
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Last
$120.57 |
Change
-0.650 ( 0.29 %) |
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| Open | High | Low | Volume | ||
| $121.13 | $121.91 | $119.64 | 59306 | ||
| Last updated 15.59pm 20/04/2021 (live) ? | |||||
| RIO (ASX) Chart |