The European Central Bank has decided to keep interest rates up and to threaten higher rates still. Meanwhile, the Fed is moving to recession fighting, with many expecting lower interest rates despite recent rhetoric. The dollar drifts lower, the Euro rises.
The higher Euro is making it very difficult for companies in many parts of the Eurozone to set competitive prices for their products in world markets. In the US there is an export surge underway, and European companies are coming to realise that the US is now a cheaper and better place for manufacturing than countries in Euroland.
Airbus is going to have to cut its European costs or put some if its manufacturing into lower cost places elsewhere. They should not expect immediate relief from the European Central Bank, and should remember that the stronger German currency needs higher interest rates than the weaker parts of the Eurozone.
European politicians like the French President are keen to take the Euro and European interest rate down, but many Europeans will want the counter inflation strategy to continue. Whilst Euroland battles over its future the US will enjoy being a magnet for investment and a stronger exporter. Airbus may whinge all it likes, but it needs to become more efficient.