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Rise in dollar to 20-year high costs US companies billions in earnings

June 13, 2022

North American businesses’ foreign exchange losses estimated at $40bn in first half of year.

Currency headwinds are on the rise with a number of companies including Microsoft, Salesforce and TJ Maxx increasing guidance on FX impacts. The dollar run is yet to be over as the Fed increases interest rates.

Media: Financial Times (FT) — Read more