U.S. FX Players Are Bullish on 1993 Dollar Seen Up Despite Upheaval

BANKS

Despite the prospect of political and economic turmoil in 1993, sentiment among foreign exchange participants in the U.S. is dollar-positive, as the market leans toward narrowing interest-rate differentials between the U.S. and its counterparts in Europe.

Generally, turmoil and uncertainty provide good business opportunities for players in the foreign exchange market, since volatility means more activity. But according to a foreign exchange manager of a New York-based German bank, a trending

To continue reading...