European corporate FX losses triple
Currency losses at their highest since the first quarter of 2017, reports FiREapps
Currency losses at corporates rose to their highest level in two years, with businesses in Europe reporting the largest increase in the first quarter of 2018, according to a report from risk management solutions provider FiREapps.
European corporates suffered the greatest losses from currency market fluctuations – nearly tripling quarter-on-quarter to $22.89 billion.
“The interesting part is that there isn’t one event you can point towards,” Wolfgang Koester, chief executive officer of
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