07.05.2014 - Currency Risks Force CFOs to Rethink Strategies
Violent currency swings are the new normal for finance chiefs, forcing them to go beyond traditional hedging strategies. Currencies in at least 20 countries have fallen 6% to 37% against the U.S. dollar over the past year. The economic turmoil in Argentina and Venezuela and the conflict between Russia and Ukraine have hit their currencies, as well as the first-quarter earnings of dozens of international companies, such as Avon Products Inc., Coca-Cola Co. and Ford Motor Co...............................................Full Article: Source
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