The “Aussie” has started to regain its mojo over recent weeks enjoying a broad-based resurgence in the commodities market although the influential iron ore market is tempering the enthusiasm for the local currency i.e. the Canadian Dollar (referred to by professional traders as the Loonie) has bounced noticeably harder due to its lack of dependency on the bulk commodity.
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Buy Hold Sell: The best and worst performers of FY25
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Wednesday 16th July – ASX -73pts, EVN, RIO, NEM
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Wednesday 16th July – Dow off 436pts, SPI down -66pts
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Price change after positive earnings surprises – Source Bloomberg
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MM remains bullish the $A into 2022
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Price change after positive earnings surprises – Source Bloomberg
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