Australian corporates turn to Tarns
Dollar weakening has seen corporates reassess their FX hedging strategies
Until around 2010 England's cricket supporters regaled their Australian hosts on tours Down Under with a ditty that proudly said, "we're fat, we're round, it's three dollars to the pound". While the average English cricket fan is still no doubt generously proportioned and happily spherical, one pound now buys considerably less than three Australian dollars – A$1.98 in fact, according to XE.com.
The 33% strengthening of the Aussie dollar versus sterling is impressive in itself but this masks a
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