Currencies
The Dollar’s Slide Is Raising Red Flags for Earnings
At Heineken NV, the euro’s strength against a range of currencies is expected to curtail this year’s revenue by €1.72 billion.
Photographer: Ksenia Kuleshova/BloombergTakeaways NEW
Rising tariffs and the weakening dollar are casting a shadow on companies’ profit guidance this earnings season, with more damage seen unfolding over the coming quarters.
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.