FREE Forex Trading Course
Deposit $250 in an FXCM Micro account and receive the DailyFX Power Course FREE OF CHARGE. FXCM Micro is a discount brokerage service offering super low spreads, 1k lot sizes, and flexible 400:1 leverage. Click below to learn more.
Currency trading involves risk of loss.
Leverage magnifies both gains and losses.
The chief financial officer in the Bayerische Motoren Werke, Stefan Krause the weakening of the US dollar will be continuing as of the meantime, but this will not be permanent, as told by Boersen-Zeitung.
The US dollar weakening and the yen of Japan would be a long term, leading to the many major global firms that had lose their edge in the competition, the recovery in the two currencies will be likely had an effect in the revenues, as stated by Krause in an interview for the newspaper.
There is a 50% hedged in the BMW that changes the euro-dollar rates conversion and almost 50% hedged in the euro-yen rates, as told by Krause.
There is no cooperations and acquiring as the plans said accordingly for this time, he cannot predict the tie-up in the future.
03:43
Posted on Jul-13-2007
