EADS profit down on strong euro

Aerospace firm EADS NV FR:EAD -0.12% said Friday that its first-half net profit fell 41% to 109 million euros ($156 million), driven by accounting revaluations on foreign exchange as the euro strengthened. EADS, the parent of Airbus, said revenue for the period rose 8% to 21.94 billion pounds and earnings before interest and taxes grew 39% to 563 million euros. "Our results for the first half of 2011 mirror the strong demand in the commercial aviation sector. In terms of orders, Paris Air Show was record breaking for us, particularly thanks to the A320neo," said CEO Louis Gallois. The group said it still expects adjusted Ebit to remain stable in 2011 at around 1.3 billion euros, followed by a "significant improvement" in 2012, thanks to higher volumes and better pricing

FOREX-Euro shaken by contagion risks, dlr no safer

The euro struggled to find any friends in Asia on Thursday, on renewed fears of contagion in Europe, while the U.S. dollar remained on the defensive as Washington showed no signs of progress in debt agreement.

FOREX-Dollar sinks to 3-month low, more downside feared

Dollar index at 3-mth low on U.S. debt and downgrade worries

NZD/USD Classical Technical Report

Any sign of an intermediate top in this market is looking less pronounced with the price surging to fresh post float record highs beyond 0.8700. However, we still consider the overall price action to be quite stretched and would therefore be looking for yet another topside failure ahead of an eventual bearish decline and shift in the overall construct of the market. Still a break back below 0.8600 will be required at a minimum to alleviate immediate topside pressures and open the door for a short-term corrective pullback.

Rochester Insurance: Home

Rochester Insurance: Home: "Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of a contingent loss. Insurance is..."

Dollar slips on U.S. debt impasse

http://www.marketwatch.com/story/dollar-slips-as-us-debt-impasse-continues-2011-07-24?siteid=yhoof