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Dollar’s Decline Underscores Need to Hedge

The currency has been hit by geopolitical tensions, stronger growth overseas and the Trump administrations disarray.

By Susan Kelly | Updated on September 13, 2017

The U.S. dollar has taken a hit this year amid geopolitical tensions and the Trump administration’s failure to deliver on its campaign promises. The currency’s woes serve as a reminder of the need for companies that do business globally to manage the risks involved in their foreign exchange exposures.

As of Monday, the Bloomberg dollar index, which tracks the dollar’s performance against 10 other major currencies, closed at 91.875, down 10.1% from 102.21 at the end of 2016.

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