Traders say that currency hedging by exporters and importers signal further slide as positions have turned with importers rushing to cover their exposure, while exporters are letting their positions open to benefit from the slide.
Dow, S&P 500 slip as oil hovers near $100 despite Nasdaq’s record close
The Dow and S&P 500 declined sharply as oil prices rallied near the $100 mark, causing apprehension among investors. However, the Nasdaq soared to a