The negative impact of currency fluctuations on North American company results fell sharply in 2020's third quarter, reversing an upward trend, according to data from treasury and financial management firm Kyriba released on Tuesday.
The collective exchange rate impact, including on companies in the United States, Canada and Mexico, was just US$2.2 billion, compared with a US$14.16 billion negative effect in the second quarter, Kyriba said in a report.S&P 500 companies have just begun to report results from the fourth quarter of 2020.