For US companies, a strong US dollar cuts both ways

A strong US dollar is a two-way street for businesses around the world.

The rising dollar has caught the attention of investors, many of whom are interested in its effects on corporate earnings. A strong dollar can have detrimental effects on American companies that sell goods abroad, reducing exports by making these products less affordable. On the other hand, companies and manufacturers abroad benefit from a relatively weaker local currency.


Wj

Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button