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View Full Version : Macarthur Reports A$68 Million Currency Hedging Loss (Update1) - Bloomberg



NewsWhore
10-22-2008, 05:00 AM
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Macarthur Reports A$68 Million Currency Hedging Loss (Update1) (http://news.google.com/news/url?sa=T&ct=us/5-0&fd=R&url=http://www.bloomberg.com/apps/news%3Fpid%3D20601081%26sid%3DaWGkVy6KupSo%26refer%3Daustralia&cid=1260929008&ei=NN_-SPfBEpCKNeGmuZEJ&usg=AFQjCNEXlogcrzr7rJ2XpRRx5h1vZ0Pwyg)
Bloomberg - 43 minutes ago
The Australian currency has tumbled 31 percent since June, hurting companies like Macarthur Coal that fixed exchange rates on forward sales. ...


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