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Analysis - Surging dollar may be triple whammy for U.S. earnings
2014-10-05 17:16:52| IT Services - Topix.net
The suddenly unstoppable U.S. dollar is posing a triple threat to American companies' profits: driving up the costs of doing business overseas, suppressing the value of non-U.S. sales and, perhaps most worryingly, signalling weak international demand. The dollar has been on a tear, with an index tracking it against six other major currencies notching roughly an 8 percent gain since the end of June.
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