Major currencies vs. U.S. dollarfrom G&M: "How rough? Just about every major currency has gained versus the greenback in 2016.
There is one notable exception: the British pound, which is down about 0.4 per cent as of Mondays close."
0.4% is negligible and the other currencies have gained significantly so I would have to guess that the FOREX issue raised by the shorts in one of their weekly talking points is a non-issue and that 'natural hedging' is the right decision since it costs nothing.