The EURUSD have been moving up and down in volatile market for weeks. Many business have been affected by the volatility and companies have to adapt to such changes in order to stay a float and remain competitive.
To give you an idea of how the dollar and its volatility affect a major semiconductor company listed in Europe, every 1 cent the euro goes up versus the US dollar reduces its quarterly profitability by EUR 2 Million.
This is reported as of 2 July 2007 by the company press talk.
To give you an idea of how the dollar and its volatility affect a major semiconductor company listed in Europe, every 1 cent the euro goes up versus the US dollar reduces its quarterly profitability by EUR 2 Million.
This is reported as of 2 July 2007 by the company press talk.
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