I may start to get involved in Forex trading but my question is related to a business sale transaction that will close in next 30-60 days, and I want to confirm if I am thinking of this correctly?? The transaction will occur in EUR (for several millions), but I am in the USA and ultimately would want to exchange for USD. The problem, if I am thinking of this correctly, is although the USD is performing well against EUR, since I do not currently hold USD (related to this transaction), it is a bad thing for me to immediately exchange EUR to USD when the transaction closes. I noticed several months ago exchanging from EUR to USD would be around a 1.15 factor, but today EUR to USD is virtually even, about 1.0
What would you do?