Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’

Currency Doldrums Spur Complacency Risk That Could ‘Destroy Profits’

November 22, 2019

The subdued moves in the currency market have created an environment where corporations are becoming less willing to pay up for hedging protection they haven’t needed, according to Cambridge Global Payments, which advises companies on cross-border transactions. For multinational companies looking to trim hedging costs, the risk is that volatility erupts again and the subsequent currency moves “destroy profits,” said Cambridge’s Karl Schamotta.

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