31.   Foreign buyers of French securities have been hedging their currency risk by selling francs on the forward foreign exchange market, thus making for short-term capital outflows.

32.   For those funds invested in Asian markets, hedging now against further currency risk could be futile.

33.   German and Swiss investors also face currency risk.

34.   He cited hedging measures and the non-dollar sensitive telecommunications business as ways to minimize currency risk.

35.   How much of those spreads can be attributed to currency risk and how much is driven by investor perceptions of credit risk can be seen in the Eurobond market.

36.   If both countries adopt a common currency, bond yield spreads should narrow to reflect reduced currency risk.

37.   In contrast, given the sharp fluctuations of the yen against the dollar over the last year, the currency risks are much greater.

38.   Indian companies with dollar-denominated loans pushed the rupee lower as they bought dollar futures to reduce their currency risks, the central bank said.

39.   Instead, the stake will be offered as a hedge for currency risk incurred by the Germany-based firm, he said.

40.   Investors who own Korean equities can use forward markets in Korea to hedge their currency risk.