http://www.articlesbase.com/management-articles/cooper-company-management-closer-look-on-forex-market-4207623.htmlUncertainty has remained the predominant feature of the foreign exchange markets over the past month.
Cooper Company Management provide skilled advice and expert assistance on the purchase and sale of companies. Our seller-side clients are scattered throughout the United States. They share a desire to make the most of their M&A project or opportunity.
The sovereign debt crisis in Europe has clearly not been resolved; and there has been further evidence of the conflicting views of the central bankers about the most appropriate measures to correct the current problems, with the Fed primarily interested in maintaining the momentum in the US economy, and the European Central Bank and the Bank of England more anxious to tighten fiscal policy to reduce the size of outstanding fiscal deficits. This general uncertainty produced a further fall in the dollar in the early part of the month, and ahead of the recent meeting of the Fed's Open Market Committee, in the expectation that there would a further easing of monetary policy; and then a subsequent recovery after policy was left basically unchanged, to leave the dollar slightly higher over the month.
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