IDL 0.00% $1.27 industrea limited

oz $

  1. 10,402 Posts.
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    Tell me how does the decline in the Oz $ effect the income of IDL ?

    I dont know the % income from overseas but most oversdeas income comes from Yuan which is pegged to the US $.
    So from what I conclude IDL will gain from a decline in Oz $ to US $ (ie Yuan).

    The rest is domestic income which has no impact.

    So if the ASX falls due to Oz vs Yan $ the only reason IDL would fall is due to trend following

    Is this reasonable ? Please comment

    I would in fact expect IDL to have upward SP pressure due to falling Oz to US $
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