Apart from those dastardly hedge funds that is. Euro zone exporters that’s who.
Comments from the CFO of EADS (European Aeronautic Defence and Space Company) have been hitting the wires. Blimey, must be a slow news day.
- To benefit in coming years if euro-dollar exchage rate stays at current level
- Sees the euro as fairly valued at $1.20 in the longer term
- Will not use euro weakness to launch price war with Boeing Co (sometimes you just gotta smile)