| 1. | Instead, banks are increasingly unwilling to hold currency positions for long, he said.
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| 2. | Denmark also meets the convergence requirements for inflation, interest rates and currency position.
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| 3. | They are commonly used by MNCs to hedge their currency positions.
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| 4. | Turkey's 80 banks have an estimated $ 18 billion in open foreign currency positions.
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| 5. | More corporations started to cover their open currency positions thereby putting pressure on the rupiah.
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| 6. | Q . Do most mutual funds hedge currency positions?
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| 7. | A . We have hedged our currency positions since 1993, so I pay minimal attention to currency movements.
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| 8. | Traders expect the peso to continue to depreciate until banks are able to completely square off their currency positions.
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| 9. | A trader at a prominent hedge fund, which often takes big currency positions, said there would be some " short-term pain ."
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| 10. | Most market participants have already closed their books for the year, with just a few of them tinkering with their currency positions.
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