US insurance companies' dollar hedging scale surges, surpassing "Liberation Day" peak

According to data from Clearwater Analytics Holdings Inc., since mid-January, the scale of US dollar forward contract purchases by US insurance companies has risen sharply, surpassing the peak set last year when the dollar fell after President Donald Trump announced "Liberation Day" tariffs. The Bloomberg Dollar Index has fallen 1.7% since 2026. "The dollar has experienced larger declines, but the trading activity of US insurance companies so far this year is noteworthy," said Matthew Vegari, head of research at Clearwater. "Corporates are hedging against further weakness, and their actions appear to be quite decisive." (Bloomberg)