Topic: hedging euro
The other day at class I made one question that my teacher couldn´t reply. It´s about currency hedging...
Imagine an European Company that imports oil in dollars and after sell it in Spain in euros.
If they hedge their currency with futures, they will be long in euro futures. And they may suffer the cost of rolling their position (the curve is in contango)
So, my question is: is any other way to hedge those imports?
Can anybody help me with this?