Corporates pressed on FX hedges as dollar surge bites
CFOs increasingly facing tough questions about impact of exchange rates on foreign revenues
Foreign exchange losses have begun to mount for some of the largest global corporates, with the likes of Amazon, Apple and Nike reporting revenues negatively affected by continued US dollar strength in the fourth quarter.
Since September, the dollar has risen by as much as 7% against many G10 and emerging market currencies, reducing the demand for exports and the value of foreign returns.
In the
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