currency-hedging
Top StoriesSterling Holds Steady Versus the Dollar
Top StoriesRouble Steadies Near 60 vs Dollar, Stocks Down
Top StoriesRouble Eases From Near 4-week High vs Dollar, Firms vs Euro
Top StoriesGas Crisis Sends Euro Back Below Parity Against Dollar
Shares Slip, Dollar Dominates as Recession Looms
Date: August 22, 2022
By Lawrence White LONDON (Reuters) – European shares slumped to month-long lows, oil prices fell and the dollar surged on Monday as fears mounted that inflation-busting interest-rate hikes in the United States and Europe will weaken the global economy. The benchmark European STOXX index fell as much as 1.1% on Monday, touching its lowest since...
Russian Rouble Nears 4-week High Versus Dollar
Date: August 19, 2022
(This content was produced in Russia where the law restricts coverage of Russian military operations in Ukraine) MOSCOW (Reuters) – The rouble firmed to a near four-week high against the dollar in early trade on Friday, supported by month-end tax payments that boost demand for the Russian currency, while shares in fertiliser producer Phosagro surged...
How to Successfully Implement a Currency Hedging Strategy
Date: August 18, 2022
By Vivek Savani, Executive Director, iBanFirst UK Identifying risks of changes in currency exchange rates Although every company has its own variation of a risk management strategy, the common issue they share is susceptibility to unpredictable changes in currency exchange rates. The first steps a business must take in managing and reducing risk and overheads...
Rouble Falls Past 61 vs Dollar as Conversion of Depository Receipts Begins
Date: August 15, 2022
MOSCOW (Reuters) -The rouble slid past 61 to the dollar on Monday as the conversion of depository receipts in Russian companies to local shares got underway, and as foreign investors from designated “friendly” countries were able to return to the bond market. At 1029 GMT, the rouble was 1.5% weaker against the dollar at 61.49,...
Swiss Sight Deposits Increase Showing Possible Central Bank Activity
Date: August 15, 2022
ZURICH (Reuters) – Sight deposits held by the Swiss National Bank increased by 1.7 billion Swiss francs ($1.80 billion) last week, data showed on Monday, indicating the central bank could be intervening in the market to slow the franc’s surge in value. Total sight deposits held by the SNB increased to 751.28 billion francs from...
Merck KGaA Profit Gets Boost From Dollar, Outweighing Higher Costs
Date: August 4, 2022
By Ludwig Burger (Reuters) -Germany’s Merck KGaA saw adjusted earnings rise 13.1% in the second quarter as higher revenues from its biotech lab equipment and its chemicals for semiconductor production were further bolstered by currency tailwinds. Second-quarter earnings before interest, taxes, depreciation and amortisation (EBITDA), adjusted for one-offs, rose to 1.78 billion euros ($1.81 billion),...