Daimler ups '05 dollar hedge to more than 90 pct

Newswire

FRANKFURT, July 28 (Reuters) - DaimlerChrysler is almost completely protected this year against negative currency effects arising from its dollar revenue exposure, the company said on Thursday. "We have used the relatively attractive rates during the last few weeks to hedge further portions of our U.S. dollar revenues," Chief Financial Officer Bodo Uebber told a conference call on Thursday "To date, we have already hedged more than 90 percent of our '05 exposure."

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