Ben Ang
2022-07-24

Companies reporting earnings in coming weeks are likely to mention one common factor gouging their results: the strong dollar.

The U.S. currency stands near a 20-year high against a basket of its peers and is up 15.1% in the past year, lifted by a hawkish Federal Reserve and investors seeking shelter from turbulent markets.A strong dollar can be a headwind for U.S. companies as it makes exporters’ products less competitive abroad and hurts multinationals that need to convert their foreign profits back into the U.S. currency.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

  • S.B.D
    2022-07-24
    S.B.D
    Strong US dollars going to stay
  • HelenJanet
    2022-07-24
    HelenJanet
    Thanks for sharing 👍😊
  • Joker_Smile
    2022-07-24
    Joker_Smile
    rising inflation helps or make it worse?
  • SilentWarrio
    2022-07-24
    SilentWarrio
    thank you
  • Moolele
    2022-07-24
    Moolele
    All due to rising rates?
  • Pepermintpat
    2022-07-25
    Pepermintpat
    👍
Leave a comment
76
2