Commerzbank Unveils Monthly FX Survey

Commerzbank will survey German exporters and importers to review their short-term and medium-term forecasts for five major foreign-exchange pairs.

Commerzbank will survey German exporters and importers to review their short-term and medium-term forecasts for five major foreign-exchange pairs, The Wall Street Journal reports. The Commerzbank FX Compass will also evaluate whether companies have appropriate forex hedges in place. The survey will be published on the second Wednesday of every month starting from Feb.9, 2011. The survey will target 360,000 German exporters, comprising 350,000 German mid-sized companies with annual sales below €50 million.

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