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Euro risks have U.S. businesses readying for the worst
NEW YORK (Reuters) - Three years into the European debt crisis, with the likelihood of the euro's demise still remote, U.S. multinationals are making preparations for a number of grim scenarios that include the worst: the collapse of the euro. They have been actively looking to lower their hedging costs by taking advantage of the weak euro, while others have been moving money daily to other financial centers to reduce euro zone exposure, consulting firms and banks that hedge for large U.S. corporations say. ...
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