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According to David Woo of Bank of America Merrill Lynch, an unspoken currency war has broken out, which would make it more expensive for companies to take out insurance against currency flows. How should corporate treasurers handle this currency volatility in the markets with hedging?
The world has been experiencing some form or another of currency wars for the past couple of years. This has led to a significant amount of volatility in individual currency pairs. Each international company has been affected by this and has had to respond in various ways.
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