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Hedging hits forex windfalls at Rolls-Royce

By Sylvia Pfeifer in London

Published: September 4 2008 19:10 | Last updated: September 4 2008 19:10

Rolls-Royce should be an obvious beneficiary of the rising dollar. The world’s second- biggest jet engine maker bears most of its costs in sterling – Derby is still its largest manufacturing site in spite of moves to “dollarise” its production to lower-cost, dollar-denominated markets – but it books the majority of its sales in dollars.

The recent rise in the dollar should therefore be good news for Rolls-Royce.

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