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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