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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
$43.42 |
Change
-0.670(1.52%) |
Mkt cap ! $132.9B | |||
| Open | High | Low | Value | Volume |
| $43.93 | $43.99 | $43.35 | $187.8M | 4.317M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 289 | $43.41 |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| $43.43 | 580 | 1 |
View Market Depth
| Last trade - 16.15pm 17/09/2025 (20 minute delay) ? |
| NAB (ASX) Chart |