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BullNBear52

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BullNBear52

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Re: EZ2 post# 104199

Thursday, 04/23/2015 9:40:25 AM

Thursday, April 23, 2015 9:40:25 AM

Post# of 120381
CFO Hugh Johnston cites weakening consensus forecasts for several currencies including euro, Mexican peso, Brazilian real and Canadian dollar. PEP hedges FX transactional costs, but not FX translation. Hedging for translation is "bad company policy,

It's been that way for years. Treasury is expected to make money despite their main purpose of managing it.

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