Hi there LZA,I don't think that it would be a good strategy to...

Hi there LZA,

I don't think that it would be a good strategy to hedge the currency. That would involve foward selling USD and forward buying buying AUD. If the AUD goes down, you will lose on the hedge and on the BIP price. BIP is trading as a quasi AUD asset on the NYSE. When the AUD goes up, the USD price of the BIP goes up with it. It is self hedging.I am inclined to leave alone.

Good luck.

Afterthought: I would be surprised if AUD went to 1.10 in the time frame of the PIH-BIP settlement (14 December). There is a lot of hot money in AUD at the moment with tight trailing stops. The AUD is more likely to go to .9000 than 1.1000.

My opinion only: DYOR