The dollar's slide is raising red flags for corporate earnings [Yahoo! Finance]
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Source: Yahoo! Finance
Most Read from Bloomberg Trump Gives New York ‘One Last Chance' to End Congestion Fee Why Car YouTuber Matt Farah Is Fighting for Walkable Cities Backyard Micro-Flats Aim to Ease South Africa's Housing Crisis The Racial Wealth Gap Is Not Just About Money To Fuel Affordable Housing, This Innovation Fund Targets Predevelopment Costs Companies across Europe are already sounding the alarm following the dollar's slide to three-year lows versus the euro and to a 10-year trough against the Swiss franc. That's another headache for stock markets grappling with the risk of an economic slowdown due to President Donald Trump's policies on trade. Given that Stoxx 600 index ( ^STOXX ) members get 60% of their sales from overseas, such a large dollar slide is unwelcome, as it would sharply reduce the worth of US earnings once converted back into local European currencies. As a result, US-exposed stocks in the region are falling with the dollar and many investors are turning to domesti
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