Dodging the Dollar's Decline

The greenback's fall against the euro has helped push European bourses lower. S&P strategist Clive McDonnell looks at some smart plays

One of the factors roiling European markets of late is the U.S. dollar's weakness against the euro. With such a wide gap -- the euro traded around $1.28 on May 31, vs. $1.18 on Jan. 1 -- it spells trouble for many European outfits who depend on the U.S. market for a large proportion of revenue. It's a major factor contributing to volatility in global markets.

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