Corporates up hedging ratios
NEW YORK - A fall in US dollar confidence has led to a surge in corporate hedging activity, with G-3 corporates increasing their 2009 foreign exchange hedge ratios from 45% to more than 60% over the past three months, according to a survey by JP Morgan.
Japanese hedgers were the most aggressive during the period, doubling their hedging ratios to 50% from 25% in March, according to the survey of 89 G-3 corporates released May 29. The doubling of ratios also occured as the group became more dollar
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