The impact of a lower AUS dollar....
" BHP Billiton Limited (ASX: BHP) has estimated that each one cent change in the AUD/USD exchange rate has a $100 million impact on net profits."
This may help off set the lower iron ore prices, but im guessing the chart knows better.
http://www.********.au/2014/07/29/4-top-stocks-to-profit-from-a-lower-australian-dollar/
BHP on the way down to 20 dollars, page-6
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Last
$41.24 |
Change
-0.745(1.77%) |
Mkt cap ! $210.9B | |||
| Open | High | Low | Value | Volume |
| $41.15 | $41.87 | $41.00 | $223.5M | 5.411M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 19 | 3284 | $41.23 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $41.24 | 1027 | 8 |
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| BHP (ASX) Chart |