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.
a$ rise implication on banks stock
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Last
$106.44 |
Change
0.170(0.16%) |
Mkt cap ! $178.3B | |||
| Open | High | Low | Value | Volume |
| $105.77 | $106.44 | $105.22 | $150.3M | 1.434M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 2 | 2192 | $106.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $106.44 | 910 | 1 |
View Market Depth
| Last trade - 16.10pm 08/12/2023 (20 minute delay) ? |
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Last
$106.38 |
Change
0.170 ( 0.36 %) |
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| Open | High | Low | Volume | ||
| $105.93 | $106.43 | $105.27 | 90026 | ||
| Last updated 15.59pm 08/12/2023 ? | |||||
| CBA (ASX) Chart |