Take your positions

Introduction

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The scale of the dollar’s decline has taken everybody by surprise. There’s no doubt that there will be casualties – banks, asset managers or corporates – and the eyes of the market will be closely trained on earnings statements in the months to come to see if and where the bodies are buried.

The words of a corporate treasurer interviewed by Risk in our January edition – that you pay once to enter a position, and again when you come out – will ring true to many of his peers who, having taken a

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