"But those positions are well known, so there won't be any surprises in that area, " Koester says.
Koester thinks Chinese authorities could start down a path of unpegging the currency from the U.S. dollar.
FORBES: Corporate America's Multi-Billion Dollar Currency Problem
"Goldman Sachs is likely to benefit more than regional banks like Wells Fargo or PNC Financial Services, " Koester says.
Snapshots of the euro in dollar terms on June 30 and September 30 would show the dollar fell 1.6%, Koester says.
FORBES: Corporate America's Multi-Billion Dollar Currency Problem
For more on the fickle foreign exchange markets and the impact on corporate profits click here for my interview with Wolfgang Koester.
The impact appears largely beneficial though, says Wolfgang Koester, chief executive and currency strategist at Fireapps, a software firm specializing in detecting foreign exchange exposure.
Coach is hardly alone, says FiREapps founder and CEO Wolfgang Koester.
China needs to loosen its peg to the U.S. dollar, Koester says. or risk losing out on some business to lower-cost producers in other emerging markets.
Koester is almost evangelical when it comes to merits of managing currency exposure, as you might expect from someone whose business is based on helping companies understand and handle such risks.
To be fair, Koester is talking his own book.
FORBES: Corporate America's Multi-Billion Dollar Currency Problem
Given the current landscape, with central banks in the U.S., Europe, the U.K. and now Japan executing various methods of quantitative easing, Koester warns that companies need to be more mindful than ever of the real-time impact of foreign exchange fluctuations on their bottom line.
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