Companies in the US and UK ramped up currency hedges last quarter as the war in Iran roiled global markets, an industry survey shows.
Corporate treasurers on average protected 57% of their foreign-exchange exposure using financial instruments in the first three months of the year, up from 49% in the fourth quarter, according to currency hedging and cash-management platform MillTech. It was the highest level since the firm began querying corporations in the first quarter of 2024.
