The US dollar has appreciated dramatically over the past fifteen months — from a trade-weighted level of 102 in July 2014 to 120 recently. In some respects, this is a really good thing. Americans can buy all sorts of foreign goods at an almost 20% discount from a year ago. But the strengthening creates a serious challenge for the big American multinationals with large foreign operations.
Strong Dollar, Weak Thinking
Why Wall Street is wrong to worry about the impact on earnings per share.
October 13, 2015