CBA 0.16% $106.44 commonwealth bank of australia.

a$ rise implication on banks stock

  1. 5,316 Posts.
    We all know when our dollar go up, it bad for export company and resources or those that have their earning in US$ (oversea currency). But what sort of effect would you expect for domestic company earning and banks such as CBA and NAB ?

    Would you expect oversea instos buying into our banks stock in anticipation of more rise in A$ ? This way they will benefit in currency appreciation as well as reasonable safe haven return investment with dividend.

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