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Companies Look to Lengthen Currency Hedges as Elections Loom, Survey Shows
Companies are increasingly looking to lock in foreign exchange rates for longer, as they seek to protect profits from the potential fallout from currency gyrations that could follow elections expected around the globe this year. The largest companies are the most risk averse, implementing the longest hedge windows - 7.5 months on average - according to research based on a quarterly survey of 250 senior finance decisionmakers at UK and U.S. companies conducted by currency management firm MillTechFX last month. Hedge windows refer to the time frames used by companies when buying foreign exchange hedges, and firms ... (full story)