ADVISORY/ Foreign Currency Turmoil Affects Small Businesses.--(BUSINESS WIRE)-- WHAT: HISTORIC VOLATILITY IN WORLD CURRENCY MARKETS: HOW DOES IT AFFECT SMALL BUSINESS? What's that dollar in your pocket worth in a foreign market? All too frequently, this is a question that small business owners neglect to ask. The U.S. dollar has suffered during the past week's panic selling Panic Selling High volume selling brought about by sharp price declines. Notes: The main problem with panic selling is that investors are not evaluating fundamentals. Instead, they are selling on pure emotion. in the foreign exchange markets, reaching two-year lows against some international currencies. Today's small business owner is as likely to do business in Boston as in Berlin, but without knowledge of world currencies, they often fail to maximize their financial position. The U.S. government has long held a strong-dollar policy, but that may be changing. The dollar's nosedive nose·dive n. 1. A very steep dive of an aircraft. 2. A sudden, swift drop or plunge: Stock prices took a nosedive. Noun 1. against the yen and a potential rally by the mark continue to fuel an unstable foreign exchange atmosphere. In New England New England, name applied to the region comprising six states of the NE United States—Maine, New Hampshire, Vermont, Massachusetts, Rhode Island, and Connecticut. The region is thought to have been so named by Capt. , one of the most intensive import/export regions of the United States, small business owners cannot afford to overlook the pros and cons pros and cons Noun, pl the advantages and disadvantages of a situation [Latin pro for + con(tra) against] of transacting their business in appropriate currencies. WHO: Keith Cheveralls, managing director of Foreign Exchange Trading Foreign Exchange Trading or FX Trading, clients are able to hedge against, or speculate upon, changes in the exchange rate of two currencies. For example, a speculator can long EUR/USD in foreign exchange market in order to profit from capturing the appreciation of Euro against the for BankBoston, has more than 25 years of experience in foreign exchange. He is responsible for managing the positions and trading risks associated with the BankBoston's North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. customer franchise and is particularly adept in explaining the risks of the foreign exchange market in a language that business owners can understand. Keith can discuss the significance of informed foreign exchange for New England businesses during this historic economic environment, and can provide expert strategies to safeguard against future turbulence for small business. CONTACT: Keith can be interviewed by calling Mark O'Toole at 617-227-0012 x 235. |
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