Exchange Rates Deal $22.56 Billion Blow to Companies’ Earnings

October 21, 2019

Uncertainty around tariff tensions, Britain’s exit from the European Union and the state of the global economy is expected to drive foreign currency-related losses at North American and European companies in the coming months, following a $22.56 billion blow to balance sheets in the second quarter, according to [Kyriba who] tracks exchange-rate effects.