Banks are recommending corporate treasurers protect themselves against FX swings, which have been muffled recently by record-low interest rates and Fed liquidity support.

In a hazy future, what seems clear is that investors may need to say goodbye to the low-volatility FX environment, with hedging throughout 2020 likely to be expensive.

Currency surged after ECBs Draghi downplayed deflation, clearing multi-month roadblocks.

Currency surged after ECBs Draghi downplayed deflation, clearing multi-month roadblocks.

Investors may end up paying higher premiums to hedge.

Investors may end up paying higher premiums to hedge.

Default is likely if agreement isn't reached soon, as Greek banks may run out of cash within three weeks.

Default is likely if agreement isn't reached soon, as Greek banks may run out of cash within three weeks.