Apple and Micron led the continued rise in foreign exchange hedging among large US corporates in the third quarter, each adding more than 60% to its FX derivatives notionals, according to regulatory filings.
FX Markets analysis of 330 filings to the US Securities and Exchange Commission by non-financial companies in the S&P 500 showed Apple was the biggest mover in dollar terms.
Apple’s FX derivatives notionals jumped 62% quarter on quarter to $204 billion, and it was also the biggest mover year
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