Recent weakness in the strong dollar is a welcome development for multinational Club stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 11 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 72%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

Investing Club: Recent weakness in the strong dollar is a welcome development for multinational Club stocks

The dollar has run into a brick wall in November, a potentially hopeful sign for multinational Club stocks that have seen their earnings dented because of the U.S. currency's strength this year. To be sure, it's too soon to know whether the downward move over the past few weeks will persist and turn what's been a headwind for companies like Microsoft into a meaningful tailwind. The U.S.

The dollar has run into a brick wall in November, a potentially hopeful sign for multinational Club stocks that have seen their earnings dented because of the U.S. currency's strength this year.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines