05.12.2012 - Currency winds hit home
Unfavorable foreign-exchange rates are marring the results of more big U.S. companies, as their expanding operations abroad expose them to the swings of a growing number of currencies beyond the euro and British pound. But donít expect those companies to hedge their currency risk more than they already do. Thatís because hedging is costly and can damage results more if a company makes the wrong bet...............................................Full Article: Source
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