Corporate FX hedging surges in Asia

Surge in structures

dollar-lock
Forex fix: Asian corporates are looking to lock down dollar rates

After a period of pullback and reduced hedging activity during the first quarter of the year, Asian corporates are re-entering the market intending to lock away current dollar levels.

“There has been a definite pick-up in activity in the Asia-ex Japan foreign exchange derivatives market,” says Michael Image, head of foreign exchange structuring at Standard Chartered in Hong Kong. “The clear US dollar trend has been a key factor here with Asian exporters increasing their hedging ratios and instit

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