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Economics

Who’s Afraid of the Rising Dollar? Not the Thriving U.S. Economy

Don’t believe everything you hear about the corrosive effect a more expensive dollar has on corporate America. U.S. businesses and the world’s largest economy can handle the greenback’s strength just fine.

Companies in the Standard & Poor’s 500 Index, from drugmaker Pfizer Inc. to Microsoft Corp., Procter & Gamble Co. and Royal Caribbean Cruises Ltd. have blamed the strongest dollar in more than a decade for crimping profits in 2014, or indicated it will hurt them this year.