European firms hedge less fx risk,for now-Travelex

Newswire

By Justyna Pawlak LONDON, Feb 26 (Reuters) - Many European manufacturers have recently reduced their hedging of currency risk but they may boost their protection against a strong euro if it weakens again, according to foreign exchange specialist Travelex. Throughout the euro's relentless rise against the dollar over the last couple of years, many European companies became more aggressive in safeguarding their export profits through hedging instruments bought in currency markets. But ...

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