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Boards choose forex to hedge as protection strategy

Boards whose companies invest internationally – and especially companies in the resources sector – are increasingly hedging investments as part of a foreign exchange strategy to combat and protect against softening economic conditions.

Ann-Maree Moodie

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Boards whose companies invest in­ternationally – and especially com­panies in the resources sector – are increasingly hedging investments as part of a foreign exchange strategy to combat and protect against softening economic conditions.

The chairman of Elders , Hutch Ranck , also a non-executive director of Iluka Resources , says weaker economic conditions are giving companies the opportunity to be more relaxed with hedging decisions.

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    Original URL: https://www.afr.com/markets/currencies/boards-choose-forex-to-hedge-as-protection-strategy-20141127-11uqzs