Fortescue share price lifts after RBA hike as iron ore sits near $103 — what’s next for FMG
Fortescue shares closed up 0.47% at A$21.28 Tuesday as iron ore steadied near $102.66 a tonne after a recent drop. The Australian dollar climbed 0.7% to $0.6992 after the RBA raised rates to 3.85%. Investors await Fortescue’s half-year results on Feb. 25.