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European hit.(Credit Briefings)(Brief Article)
European companies are taking a serious hit from the high euro. The euro is now up 20 percent over the dollar from a year ago and more than 50 percent from its October 2000 low. Volkswagen lost $1.5 billion from unhedged currency swings in 2003. Peugot Citroen ...
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Source: HighBeam Research, European hit.(Credit Briefings)(Brief Article)