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US multinationals to face more pain from strong dollar
Rediff.com

US multinationals to face more pain from strong dollar

The surging value of the US dollar may be posing the biggest threat to US corporate earnings since the 2008 financial crisis, hurting results at most US-based multinationals.  Some on Wall Street are even talking about an earnings recession.  The dollar’s gain of 22 percent in the past 12 months against a basket of major currencies has landed a double whammy on US companies with big sales abroad. Revenue and earnings from foreign markets are worth less when translated into ... Rediff.com, 1 month ago
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