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Calmer FX markets sees fewer US multinationals hedge

June 7, 2019

Relatively calm conditions in the foreign exchange markets over recent months and the robust performance of the US dollar have persuaded some American multinationals to scale back their hedging activities for guarding against currency volatility, reports Reuters.

This is offset by data from corporate treasury and cash management solution provider Kyriba, showing that North American companies reported $20.84 billion in negative currency impacts in Q4 2018 – the most since Q4 2015.