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Cashed up and benefitting from Aussie dollar: FMG

WHILE the share market meltdown has sent Fortescue Metal Group stocks into a downward spiral, the...

Charlotte Dudley
Cashed up and benefitting from Aussie dollar: FMG

Delivering its September quarterly project report, FMG said its lack of hedging over US dollar sales had allowed the producer to benefit strongly from the declining Australian currency. “Fortescue receives...

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