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currency hedging

Firmer US dollar boosts corporate interest in currency hedging

NEW YORK: US multinational companies are starting to reevaluate their currency hedging strategies after a surge in the dollar in recent months, as the impact of the stronger greenback starts to show up in second-quarter corporate earnings. A stronger dollar claimed Netflix as its first victim of the earnings season on Monday. The company, which does not hedge its revenue with derivatives, said foreign exchange rates pushed its expectations on the 2018 operating margin to near the lower end of its target range. “This will…