A Bit Of Foreign Aid For U.S. BusinessKathleen Madigan
Does a weaker dollar pump up profits for U.S. corporations? After all, a frailer greenback produces a double boost for overseas sales. Not only are U.S. goods cheaper abroad, but revenues are also enhanced when sales in stronger currencies are translated back into dollars. So the benefit to U.S. exports--and corporate earnings--could be a bright spot amid the otherwise dismal fallout of higher inflation and interest rates connected with a sliding currency.
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