Despite the fact that the currency markets are relatively quiet now, there is good reason to believe that the end of 2012 could bring surprises. There is a lot of uncertainty on both sides of the pond. In the U.S., no one’s quite sure whether policymakers will drive the economy off the fiscal cliff on January 1
In the third quarter of this year, less than 15 percent of earnings calls of the companies we researched included analyst questions focused on currency impact. That result can seem counterintuitive, given that in the same quarter the aggregate currency impact on the reporting companies’ top-line revenue was $22.7 billion.