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National Australia Bank Limited (ASX:NAB) says a lower Australian dollar is providing good news for growers and it is forecast to continue on this trend.The local currency is now buying below $US0.90 and NAB expects it to stay around $US0.88 in the fourth quarter this year and fall to $US0.85 by mid-2015.The currency forecast compares with NAB’s expectations for Australia’s key cash rate to remain on hold at record lows until the end of 2015.NAB has attributed a fall in the Aussie dollar to a rise in volatility on global markets, an unwinding of long positions and declining metals prices.National Australia Bank reported a net profit of $2.86 billion in six months to the end of March 2014.
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Last
$43.60 |
Change
0.180(0.41%) |
Mkt cap ! $133.2B | |||
| Open | High | Low | Value | Volume |
| $43.42 | $43.71 | $43.31 | $77.16M | 1.774M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 12 | 1683 | $43.60 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.61 | 3347 | 23 |
View Market Depth
| Last trade - 13.21pm 18/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |