Temasek Says Dollar’s Drop Makes Some Deals Harder to Justify

Singapore state investor Temasek Holdings Pte. has been “forced to hedge” the US dollar this year, according to its chief executive officer, calling the greenback’s weakness a big issue for foreign investors.

“The cost of hedging has now gone up because, I find, everybody’s hedging,” said Temasek’s Dilhan Pillay at the Bloomberg New Economy Forum on Wednesday in the city-state. “It’s come to a point now where the cost of my hedges are becoming too much, that I have to therefore think about a natural hedge.”