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
$94.41 |
Change
-0.790(0.83%) |
Mkt cap ! $35.04B | |||
| Open | High | Low | Value | Volume |
| $94.59 | $95.11 | $93.79 | $85.59M | 907.5K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 1000 | $94.35 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $94.41 | 4630 | 1 |
View Market Depth
| Last trade - 16.10pm 20/11/2019 (20 minute delay) ? |
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Last
$94.31 |
Change
-0.790 ( 0.90 %) |
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| Open | High | Low | Volume | ||
| $94.60 | $95.09 | $93.79 | 125884 | ||
| Last updated 15.59pm 20/11/2019 (live) ? | |||||
| RIO (ASX) Chart |