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Andy Fately's avatar

but those repatriations are not month end activities per se, they happen with frequency throughout the year when cash flow hedges are placed.

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Andy Fately's avatar

An FYI, US corporates buy dollars today for month end settlement, not for tax purposes per se, but for accounting purposes. a majority of them hedge their balance sheet assets overseas on a month-end to month-end basis. very mechanical hedging

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