spanning the continent. That said, these corporations have benefitted from strong demand from US consumers and tourists. And just as converting sales from euros to dollars is hindering US corporations, it's helping to pad the bottom-lines of European multinationals.
The impacts of these currency fluctuations extend well beyond Europe, however. Over the past year, the dollar has also strengthened against the currencies of China, India, South Korea, Britain and Japan, among aIndeed, the strong dollar has created winners and losers across the global economy. If, as some expertsSign up for notifications from Insider! Stay up to date with what you want to know.
It's horrible. Companies like Microsoft who earn a large amount of revenue from abroad, will be virtually losing out on money due to an expensive dollar.