Dollar Weakness Becomes Profit Boon for US Multinationals

At a time when tariffs and trade wars pose risks to corporate bottom lines, at least one bit of collateral damage doubles as a silver lining: a weakening US dollar.

The Bloomberg Dollar Spot Index has dropped almost 4% since its January high on a closing basis, providing some relief to US companies which do business abroad and were expecting a large foreign-exchange hit in the year ahead.