[Southack]

"You're assuming that internationals don't have currency trading desks that are making a fortune on their dollar hedges at the moment."

No, I'm presuming that anyone making "fortunes" on Dollar hedges are in the hedging business, not the outsourcing industry.

[groanup]

"No, I'm presuming that anyone making "fortunes" on Dollar hedges are in the hedging business, not the outsourcing industry."

Wrong. All companies hedge their costs and revenues. They aren't in the "hedging business". A hedger by it's very nature is in another business.