Even though the dollar had previously risen from the historic lows against the yen and the mark recorded in March and April, many market participants
still perceived the dollar as undervalued at the beginning of the third quarter, but they remained unsure of factors or conditions that might prompt a sustained upward trend in the dollar's value.
can also garner larger revenues by periodically upgrading their products.
For a time, market participants
were uncertain whether trade negotiations would continue in the midst of a change in leadership.
Many investors foresee a bright future for ROADMs and although the initial investment required for deploying this technology is high, several market participants
are willing to pool in funds in order to meet these costs.
Under these circumstances, market participants
were particularly sensitive to indications either that the interest differentials might widen further-- thereby putting renewed selling pressure on dollar rates--or that the authorities might again intervene.
The absence of any reference to exchange rates in the summit's concluding communique, coupled with what appeared to be ambiguous official statements during and after the meetings, led some market participants
to conclude that the G-7 was unconcerned about the dollar.
Increased attention from regulators such as the Federal Reserve Bank of NY and the Financial Services Authority (FSA) and the findings of this report could bring greater focus among market participants
to improve their operational practices.
paid particular attention to statements by the Federal Reserve Chairman suggesting that monetary casing already in the pipeline was adequate.
Accordingly, market participants
believed that the Bundesbank would seek to maintain a tight monetary policy stance.
The standard clarifies that for items that are not actively traded, such as certain kinds of derivatives, fair value should reflect the price in a transaction with a market participant
, not just the company's mark-to-model value," said Linda MacDonald, FASB director and fair value measurements project manager.
might withdraw rather than risk divulging their finances and trading strategies.
The informative and easy-to-view web-based video is designed to appeal to the media and general public and also help market participants
prepare for next year's launch of the new market structure.