Just as US companies are reporting results, damage from dollar is quite evident.
- The rise of Dollar has cut nearly $29bn from sales at 850 North American companies in the first three months of the year, which is 57 per cent more than in the final quarter of 2014.
Previously more than 275 companies have highlighted dollar as a damaging factor and now it seems that it is likely to keep damaging in the coming quarters.
Since last year Dollar index, rose sharply against major counterparts. In last one year it is up more than 20% whereas it has appreciated 7% so far this year.
- Revenues at S&P 500 companies fell 2.3 per cent in the first quarter from a year earlier, and in the second quarter, sales are expected to fall 3.6 per cent.
Most of the companies have been blaming weaker Euro against dollar, however Japanese Yen, Russian Rouble, Brazilian Real all are to be causing some damage.
- More than 142 companies have blamed weaker Euro behind the wreck.
The chart from Financial Times show that S&P 500 companies take hit in tune of 8 cents EPS due to stronger dollar.


How will the Iran war change the Middle East? We asked 5 experts
Morgan Stanley: Fed Rate Cuts Still on Track Despite Oil-Driven Inflation
Citigroup Delays Fed Rate Cut Forecast Amid Strong Jobs Data and Inflation Concerns
Gold Loses Shine as Crude Oil Surges: Safe-Haven Metal Retreats Toward USD 4,500 Support
Private Credit Under Pressure: Is a Slow-Motion Crisis Unfolding?
Bank of America Identifies Top Asia-Pacific Semiconductor Stocks Poised for AI-Driven Growth
Goldman Sachs, ANZ Cut Oil Forecasts Amid U.S.-Iran Ceasefire Hopes
Goldman Sachs Cuts 2026 Copper Price Forecast Amid Global Growth Concerns 



