Firmer U.S. dollar boosts corporate interest in currency hedging

referring to Foreign currency earnings of U.S. multinational companies are worth less in dollars when the currency is stronger. "We get more questions about hedging when currency moves," said Roberto Battistuzzi, director of foreign exchange sales at Credit Suisse. Interest rate differences between countries drive hedging costs, and as the Fed raises interest rates it can become more attractive to hedge. Most S&P companies do hedge currency risk, analysts said. The company, which does not plan to change its stance on currency hedging, will try to move more of its costs offshore, to help create a natural hedge, the company said.

Goldman says U.S. may base tariff decisions on whether China's currency keeps falling

"I don't think they're using it as a lever. "The market just took the dollar/yuan higher...I don't think they're weaponizing it, and it's very dangerous for them to do that. Interest rates rates are going down." And the Americans are saying: 'They used to do it and now they're not, so they're causing it to fall.' "I don't' really see what it is, what rabbit China china can pull out of its hat without looking like pushovers.

Goldman says U.S. may base tariff decisions on whether China's currency keeps falling

Iran currency extends record fall as U.S. sanctions loom

according to DUBAI (Reuters) - Iran's currency hit a new record low on Sunday, dropping past 100,000 rials to the U.S. dollar as Iranians brace for Aug. 7 when Washington is due to reimpose a first lot of economic sanctions. Washington decided to reimpose sanctions upon its withdrawal, accusing it of posing a security threat. On Aug. 7, Washington will reimpose sanctions on Iran's purchase of U.S. dollars, its trade in gold and precious metals and its dealings with metals, coal and industrial-related software. Sanctions also will be reapplied to U.S. imports of Iranian carpets and foodstuffs and on certain related financial transactions. ADVERTISEMENTIran's oil exports could fall by as much as two-thirds by this year due to sanctions, straining oil markets amid supply outages elsewhere.

collected by :Mathio Rix

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