Dollar Strength Wipes Out Record $43 Billion of North American Firms’ Profits

February 1, 2023

Currency oscillations cost North American companies $43.2 billion in the July to September period — an all-time high since data tracking started a decade ago — according to Kyriba Corp. That’s a 26% spike from the previous quarter, also a record, according to the corporate-treasury management software company.

Link to official Bloomberg article can be found here.