Original article by Simon Evans
The Australian Financial Review – Page: 32 : 26-Feb-15
The Australian dollar was trading at about $US0.78 on 25 February 2015, compared with $US0.90 in September 2014. The weaker currency will be a boon to investors who hold shares in Australian-listed stocks that report their financial results and pay dividends in the US dollar, such as CSL, BHP Billiton and Woodside Petroleum. Matthew Ross of Goldman Sachs does not expect the currency to fall much further, and says franking credits will become a bigger issue for investors than the impact of the dollar on dividends
CORPORATES
CSL LIMITED – ASX CSL, BHP BILLITON LIMITED – ASX BHP, WOODSIDE PETROLEUM LIMITED – ASX WPL, GOLDMAN SACHS AND PARTNERS AUSTRALIA PTY LTD, RIO TINTO LIMITED – ASX RIO, OIL SEARCH LIMITED – ASX OSH, RIO TINTO PLC, TRIBECA INVESTMENT PARTNERS PTY LTD