Bottom-dollar bet on Asciano

Citigroup analyst Anthony Moulder reckons the lower dollar will give Asciano shares a lift.

Will the 12% fall in the Australian dollar since April 11 have some benefit on container terminal operator Asciano?

Not immediately. At 1340 AEST the Australian currency was at 92.78 US cents, down from $1.0545 on April 11. From April 11 to 1340 AEST Asciano shares had fallen 5.5% to $5.08.

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