Investors seek alternative forex hedges for euro crisis

Chinese currency
One option: Chinese renminbi

Investors are increasingly looking at macro hedges that involve the Australian dollar, renminbi and central European currencies, as growing numbers lose faith in short eurodollar trades as a hedge against eurozone meltdown.

Shorting the euro against the US dollar has been popular among hedge funds, asset managers, pension funds and other firms seeking to protect their portfolios. Nonetheless, the poor performance of the trade at key moments, combined with questions about the future path of the s

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