A weaker US currency makes it cheaper for multinational companies to convert foreign profits into dollars. — Reuters
NEW YORK: Large US multinationals should soon start showing the positive effects of the dollar’s tumble in recent months, reversing the situation in the past few years when the greenback’s strength hurt companies with significant foreign revenue.
The Dollar Index, which measures the buck’s strength against six major currencies, is down about 10% for the year, due to rapidly changing US trade policy and worries about US growth and government debt.
