News Formal

Procter & Gamble's earnings include a familiar refrain. The strong dollar is creating big headwinds.

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 35 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

Deutschland Nachrichten Nachrichten

Deutschland Neuesten Nachrichten,Deutschland Schlagzeilen

Consumer giant backed its full-year guidance despite the move in the greenback

Procter & Gamble’s fiscal first-quarter earnings included a familiar bugbear for multinationals. The strong dollar is creating some big headwinds.

The dollar has strengthened considerably in those few months, as a spike in Treasury yields has boosted its value relative to other currencies. The Federal Reserve’s higher-for-longer approach to interest rates is expected to continue to support the greenback for at least the next few months. The dollar index DXY, which measures its strength against a basket of currencies, has climbed 6.3% since it closed at a 15-month low on July 13.

The strong dollar hurts companies like P&G that compete all over the world as it reduces the amount they receive when they repatriate cash from weaker-currency countries.P&G had some positive news for its outlook, however.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 3. in DE
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Procter & Gamble earnings: What to expectP&G is expected to report higher profit and revenue for its fiscal first quarter
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Procter & Gamble earnings are out – Here are the numbersProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »

Procter & Gamble tops earnings, revenue estimates even as volume falls againProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Herkunft: NBCDFW - 🏆 288. / 63 Weiterlesen »

Procter & Gamble’s stock up after earnings beat estimatesCiara Linnane is MarketWatch's investing- and corporate-news editor. She is based in New York.
Herkunft: MarketWatch - 🏆 3. / 97 Weiterlesen »

Procter & Gamble tops earnings, revenue estimates even as higher prices drive some consumers awayProcter & Gamble’s shares have fallen 3.7% this year, dragging its market value down to $344 billion.
Herkunft: NBCNewYork - 🏆 270. / 63 Weiterlesen »