I really like going to Tech Valley Global Business Network meetings. I always learn something. Recently Brian Kim, a foreign exchange strategist, and Lisa Deschenes from RBS Citizens, spoke about the Global Outlook: An Unstable Environment. This is what I learned…
- Strongest currencies and economies: Australia, Norway and Canada
- Weakest: Europe
- People are rotating out of the USD. The dollar is depreciating vs. emerging market currencies.
- Volatility is much greater in Latin America, so if you do business there, it is more important to have a hedging program.
- Doing business in local currency (rather than the dollar) puts you at a competitive advantage
- Latin America has little exposure to European debt, so they are in a good position to weather a European down turn.
If you would like assistance exploring opportunities abroad, please give Cindy Herrmann a call at 518-794-7483.